Remortgage + Discharged Bankrupt

cottlad

We want to remortgage as our current mortgage due to revert to their base rate early Jan 2020. I did a search and was called back by Fluent Money who have promised to get us the best deal and not charge us anything for the pleasure. Hmmmm?
Anyways, the first info i gave them was that my wife had a discharged bankruptcy from 2011 (discharged) and that the last broker we dealt with made a right !!!!-up as they found us a great deal, we sold our house, then they told us the lender didn't accept bankrupts. Left us in a bit of a hole especially after this was the first and most important info I told her when first speaking to her.
Anyways, I told fluent who responded should be no problem etc etc... Gave them all the details and they ran a search. Best result he told me was from Santander and would I like to go ahead and apply etc??? Well I was sure that Santander DON'T accept bankrupts so told him this and he was like 'oh we can try TSB if you like?'
So i don't feel fully confident and wonder if we could be negatively effecting our credit by proceeding with these people?
Is there a list of lenders that will lend to discharged bankrupts of over 8 years?
The TSB rate of 1.44% 5yr fixed is .15% better than TSB own site offering me... is it normal for a broker to get a better deal than direct?

Am just wondering what the best way to proceed is? Any ideas?

ACG

Your not having much luck with brokers.

6 years discharged you should more or less have the pick of the market based on criteria. A lot will depend on how your credit file looks, LTV etc but I would expect normal rates to be available.

[Deleted User]

cottlad wrote: »

We want to remortgage as our current mortgage due to revert to their base rate early Jan 2020. I did a search and was called back by Fluent Money who have promised to get us the best deal and not charge us anything for the pleasure. Hmmmm?
Anyways, the first info i gave them was that my wife had a discharged bankruptcy from 2011 (discharged) and that the last broker we dealt with made a right !!!!-up as they found us a great deal, we sold our house, then they told us the lender didn't accept bankrupts. Left us in a bit of a hole especially after this was the first and most important info I told her when first speaking to her.
Anyways, I told fluent who responded should be no problem etc etc... Gave them all the details and they ran a search. Best result he told me was from Santander and would I like to go ahead and apply etc??? Well I was sure that Santander DON'T accept bankrupts so told him this and he was like 'oh we can try TSB if you like?'
So i don't feel fully confident and wonder if we could be negatively effecting our credit by proceeding with these people?
Is there a list of lenders that will lend to discharged bankrupts of over 8 years?
The TSB rate of 1.44% 5yr fixed is .15% better than TSB own site offering me... is it normal for a broker to get a better deal than direct?

Am just wondering what the best way to proceed is? Any ideas?

Sounds a bit like they are just starting at the top and working down. You are correct that Santander don't take ex-bankrupt clients.
TSB are 6 years and they are fine.
There are a few that will never do it. HSBC, FD, Virgin, Post Office are the big ones I can think of.

your 2nd question, we frequently get cheaper rates than direct customers. Most lenders dont dual price but when they do, its usually in the brokers favour

cottlad

Thanks
The cheapest he got without Santander was Halifax.
When my wife was forced into bankruptcy (long story) she handed back the keys to a property that was mortgaged with Halifax and she also had her bank account and a small personal loan with them. This was many years ago obviously but would they be worth dodging due to past history? Or will her slate be clean now?

[Deleted User]

cottlad wrote: »

Thanks
The cheapest he got without Santander was Halifax.
When my wife was forced into bankruptcy (long story) she handed back the keys to a property that was mortgaged with Halifax and she also had her bank account and a small personal loan with them. This was many years ago obviously but would they be worth dodging due to past history? Or will her slate be clean now?

Its worth a crack for a AIP. They do soft searches and ave a question about bankruptcy so in theory if it passes then it shouldn't get overturned. I had a case with Halifax where he has a £20k loan paying back at £10 per month, had it for about 10 years and was going to take quite a few more decades to clear. It was so old it dropped off the credit file though, answered all the questions honestly and it went straight through. I cant say ive had many AIP's overturned on App due to credit issues, certainly never with Halifax. 99% of the time, the computer makes all their decisions and a person just checks documents to see if the computer had the right information to make its decision (pay calculated correctly mainly)