Bankruptucy and Mortgages

Lauraloo3891

Hi my partner declared himself bankrupt just before I met him for seemingly not a lot of money. It was a decision in his life at the time but recognises now it wasn't a good one. This was 19/20 months ago. I on the other hand own a house, have excellent credit rating and have little debt. Now we are looking to buy a house in the future and need some guidance on how to move forward. I can't get enough of a mortgage in my name for what we need so would need additional income on the mortgage but from what I have read no one would touch him for 6 years. This isnt something we would look to do now but hopefully in 2-4 years perhaps.

Can anyone give some guidance or recommend someone who can offer guidance?

Thank you

A4445

I belive Nationwide offer a Mortgage after 3 years after discharge but a larger deposit maybe required. Perhaps a whole or market broker may help.

ACG

There are lenders who will lend once he has been discharged with a 25% deposit - but rates would be around 6%.
Once he has been discharged there are a couple of lenders who will consider an application - Nationwide being one of them but there are others. It is important to note that fitting criteria and being accepted are very different. You are more likely to be accepted with a bigger deposit.

It can be done now from what you say, but you will pay a high rate for 2 years. At that point I would like to think with 4 years discharged, 2 years payment history you stand a good chance of getting normal rates.