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Ex Bankrup mortgage help Please

jo14_2
jo14_2 Posts: 6 Forumite
in Mortgages & endowments
HI

I dont know if anyone will have any information but me and my husband have been out of bankrupcy for over 12 months each now, but we seem to be only able to find morgages where we need a 15% deposit, (which is more money than we have) we currently owe no other money at all and have 3 years of paying rent without ever missing a payment on anything.

Does anyone know of a company that would do better than this??

Also if we went for a new build and tried to take up one of their offers of deposit paid etc would they accept us or not

thanks for any info

JoanneX

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    What house prices are you looking at and what deposit do you have?

    What are your two gross yearly salaries?
    I am a Mortgage Adviser
    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.
  • jo14_2
    jo14_2 Posts: 6 Forumite
    We are looking for about 130k and our joint salary is 35k
  • HenryWeston
    HenryWeston Posts: 198 Forumite
    Sub-prime mortgages are getting much harder to obtain, Its probably one of the worst times to be thinking of buying property anyway, probably a good idea to save up a bigger deposit and think about buying in a few years.
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    jo14 wrote: »
    We are looking for about 130k and our joint salary is 35k

    And what deposit do you have?
    I am a Mortgage Adviser
    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.
  • jo14_2
    jo14_2 Posts: 6 Forumite
    We would be Ok for a 5% deposit but not 15%
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    With only 5% deposit and only discharged 1 year ago - not very likely, especially in the current credit crunch climate
    I am a Mortgage Adviser
    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.
This discussion has been closed.
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