Who to try? Mortgage!

topdraw

Hi guys
Myself and my partner are after a mortgage, i was BR back in July 08,
We require £280000 for a £320000 house (rest is deposit).
We have a combined income of £100000 and have both been in the same jobs for over 10 years, Nationwide said no!
Who do we try next? :eek:
We have no debts and no dependence.

Any advice would be welcome.

easygoingchap

I think you may have to wait till july 2015 - 6 yrs after discharge to get one ? ( my understanding of reading hundreds of useful posts on here)

topdraw

Has anyone has a mortgage with ybs?
If so what were your circumstances?

Eve1975

I think it is a case of leaving it as long as possible i.e 6 years after bankruptcy when your credit files are looking better and getting as much money together for a deposit.

Have just got a mortgage with Nationwide. They did go through my finances with a fine tooth comb which is to be expected. I went bankrupt in 2007 so just cleared off my credit files. Not massive earners but partner has a big deposit which has helped.

I know some people have been successful with YBS but that may have been after 6 years.

philnicandevan

speak to an independant broker and see what they say...it'll be difficult thats for sure

Annisele

Definitely one for a broker. If you keep applying to different lenders yourself, you'll just add more credit searches to your file - which will make it even harder to get a mortgage.

Get all three of your credit files (for each of you - so six of them) and make an appointment with a broker who deals with adverse credit mortgages.

I think that with a deposit only slightly above 10% you're *really* going to struggle, and TBH I'd be surprised if you could find a mortgage. But at least with that level of income, you'll be able to save a higher deposit fairly quickly - and the higher the deposit the more options you'll have.

Good luck.