We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Help to Buy, shared ownership and ex bankruptcy
Strachan
Posts: 27 Forumite
I need some help and advice please regarding being able to secure a mortgage for a 25% share of a HTB mortgage (£89k) with a 5% deposit as a single applicant.
I am a teacher with discharged bankruptcy from 2016.
Teachers Building Society need applicants to be 5 years clear. The total monthly outgoings would be approx £100 less than my rent.
0
Comments
-
You need a broker to go through your file and match you to a lender
generally you can borrow x4.5 of your gross income excluding debts"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP1 -
there is a shared ownership lender who accepts bankrupts who have been discharged for 3 years1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards