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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
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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
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