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Help to Buy Mortgages
Comments
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They've formalised the advice from the email in September last year;-• As part of the submission process you're asked if the customer has ever been declared bankrupt. This should only be answered 'yes' if it's happened within the last six years. This six year rule should also be applied to the other questions about CCJ's and arrears.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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Missed that one on our internal database notes - don't use Halifax much as it happens.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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Does this apply to the full application, or just the DIP?0
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You build the full application from a DIP, so it's basically the same thing.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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Sorry for all the questions, but does the six years cover the period from the date I went bankrupt, or the date I was discharged (July 2010)?0
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In this case it is six years from date of bankruptcy.
Some lenders do ask for six years from date of discharge.I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Most bankruptcy dates are counted from discharge - unlike defaults which are generally from default date.
Added - I'm off to talk to my Halifax BDM to get chapter and verse for our notes - thanks Mr KingstrreetHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Thanks everyone. I've got a meeting with my mortgage adviser on Wednesday to go through the full application. Wish me luck!0
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Senior Paper Monitor - any chance you could confirm whether Halifax count the six years from date of bankruptcy or discharge?0
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We got a HTB MG mortgage and we were in the bank for 3 hours answering questions about whether we wanted more children, whether we are planning to get married, how we would pay for these things etc. This was with Natwest.
It's quite in-depth.0
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