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Getting a mortgage post-BR
sarah84
Posts: 235 Forumite
Hello again :j
I am currently renting a flat with my partner, which is fine, but in the long term we would obviously like to settle with a mortgage. I am 23 and was discharged from my bankruptcy about a year ago.
I know that bankruptcy stays on your credit file for 6 years, but as for what happens after that i am really confused, no-one ever really seems to know! Before i went BR i was told by the citizens advice people i would easily get a mortgage after the 6 years is up, but other people seem to think otherwise.
Does anyone have any more information? And also, would there be any chance at all of me managing to get one before the six years is up, or am i looking at renting for now?
Thankyou guys,
Sarah.
I am currently renting a flat with my partner, which is fine, but in the long term we would obviously like to settle with a mortgage. I am 23 and was discharged from my bankruptcy about a year ago.
I know that bankruptcy stays on your credit file for 6 years, but as for what happens after that i am really confused, no-one ever really seems to know! Before i went BR i was told by the citizens advice people i would easily get a mortgage after the 6 years is up, but other people seem to think otherwise.
Does anyone have any more information? And also, would there be any chance at all of me managing to get one before the six years is up, or am i looking at renting for now?
Thankyou guys,
Sarah.
If it hurts no-one, let it be :beer:
0
Comments
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Hi Sarah, sorry i don't the answer but i am interested in the answer as i am too renting with my partner but at the moment bankrupt but would like a mortage in the future. Take care
BR 7th June 2007 at 10.10am and feeling great
OR Interview done - Early Discharge 17th December 2007:j :j :j
2007 Comping Challenge - Started July 2007
Need to Win £215.88 / Won so Far £56.50:p:j Bebivita baby food £2.50 - 2x football tickets £54.00:j0 -
Yes you can get a mortgage now. You might have to pay a bit over the odds at first but once your credit rating improves you can switch to a normal rate mortgage.0
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