Ex bankrupt mortgage

exponential

Hi guys.

I declared bankruptcy back in August 2009 with discharge following a year later.
It has been over 7 years now and my files are all clean etc etc.
Have held a few CC's since taking advantage of 0% balance transfers and even have a small loan through my bank with no missed payments whatsoever....anyway I am now considering a mortgage in the no too distant future and would like to know who are ex BR friendly.

I currently bank with Barclays but don't know if they consider ex BR'S. Can anyone suggest a bank or building society that definitely do consider people in my situation as I would like to switch to them now un order to build up a good internal score with them to boost my chances further still.

Any advice would be greatly appreciated.....

mug098

Just bumping this up a tad as i am also in the same boat.

exponential

mug098 wrote: »

Just bumping this up a tad as i am also in the same boat.

Hi mug098

I posted the exact same question on the "mortgages" forum. Please have a look.

2kadmin

OK the first piece of advice is do you research!!

The intermediary sites can tell you a lot more information than you'd expect. For example Halifax say this about the Bankruptcy question "The Bankruptcy question should be answered as yes if you have had a bankruptcy/IVA or Debt Relief Order within the last 6 years OR still have an outstanding Bankruptcy Restriction Order."

As you are outside this time frame you can legitimately answer no, giving you access to a fairly decent rate, which you can then build on.

Never underestimate the advantages of a good broker though..

FYI your solicitor will talk about a 'Bankruptcy Search', don't panic this is a K16 Land registry search on which entries only last 5 years. So if you can answer yes to the Halifax question, this will be all clear too.

Hope this Helps, and good luck with your search.

2k

exponential

That's fantastic info 2K. Really appreciate that!

As with going through the bankruptcy all them years ago, I did my research and took in as much info as possible which armed me for what was to come.
I got all the help I needed on this very forum and, when the time comes to apply, I'm sure I will jump on here to glean even more info.

Once again, thank-you...

AndyBSG

I was declared BR in 2008 and got a mortgage earlier this year with Nationwide at a very good rate.

The BR slowed things down a bit but other than supplying a brief explanation of the reasons behind my BR and bank statements/pay slips going back further than the usual 3 months(they wanted a full year) I had no problems.

exponential

AndyBSG wrote: »

I was declared BR in 2008 and got a mortgage earlier this year with Nationwide at a very good rate.

The BR slowed things down a bit but other than supplying a brief explanation of the reasons behind my BR and bank statements/pay slips going back further than the usual 3 months(they wanted a full year) I had no problems.

That is extremely encouraging info Andy.

I presume you had a substantial deposit to put down to negate the BR??

AndyBSG

I put down a 50K deposit on a 250K property giving me an 80% LTV

exponential

Nice.

Still waiting on my lottery win for my 50k! LOL

All the best pal.

yellowmonkey

BR in 2009 and just got a Mortgage with the Halifax. Followed the "clean up your file" thread and paid all CC off in full every month and was squeaky clean for 6 years.

I had the advantage of "right to buy" so no deposit needed. I told the advisor about the BR but caused me no problems at all

Good luck

lindsaygalaxy

Br 2008, discharged 2009, mortgage with nationwide this year 90%ltv through a very good financial advisor (no fee).