Mortgage after reposession

MissDevon

I have used this site as a source of information, advice and support over the years but have not posted often. I regularly would search to see if there was evidence of anyone gaining a mortgage after a repossession but never found anything positive.

So I wanted to share that after a voluntary repossession of a flat in early 2013 which left a massive shortfall, I have spent some time rebuilding my credit file and saving and have managed to get a mortgage with a well known high street bank for my dream home.

I just wanted to share to give others hope that hard work does pay off and that the banks are willing to consider people with negatives on their credit file.

ACG

Good to hear.
I can echo the above, I have a case waiting on a completion date at the minute for a client with bankruptcy and reposession.

So it can be done and at normal rates.

As with anything though, it is all in the details. If the reposession was 12 months ago then you may find your options limited, the more historic and the more deposit you have, the better your chances are.

Congrats. I still get that buzz when I get to tell clients they have their mortgage offer, especially those who have had bad credit or are doubtful about their chances.