We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Bad credit mortgage
lowely
Posts: 34 Forumite
Dear All,
I was hoping someone might be able to help as the advice on this forum so far has been amazing.
7 years ago I made some pretty horrible life choices and ended up having to go bankrupt. It was (and is) something that I am hugely ashamed of but I am trying to rebuild everything that I tore down.
Anyway, I was wondering if someone may know if there would be any chance of getting a mortgage in my current situation. The bankruptcy is no longer on my credit file, I have a credit card, a mobile account as well as a privilege account with a bank. I will have a £100,000 deposit and would be looking to buy a property in the region of £300,000.
Any help or suggestions would really be appreciated.
Thank you.
Lowely.
I was hoping someone might be able to help as the advice on this forum so far has been amazing.
7 years ago I made some pretty horrible life choices and ended up having to go bankrupt. It was (and is) something that I am hugely ashamed of but I am trying to rebuild everything that I tore down.
Anyway, I was wondering if someone may know if there would be any chance of getting a mortgage in my current situation. The bankruptcy is no longer on my credit file, I have a credit card, a mobile account as well as a privilege account with a bank. I will have a £100,000 deposit and would be looking to buy a property in the region of £300,000.
Any help or suggestions would really be appreciated.
Thank you.
Lowely.
0
Comments
-
I would imagine the majority of lenders will accept you.
If your unsure might be worth a chat with a broker but i dont think you will have too many issues getting a mortgage.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
If your income can support a £200,000 you should have a number of options.
Don't worry about being an ex bankrupt, so are many 'business guru's' that parade themselves on TV.
Speak to an independent, whole of market mortgage broker first thing.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards