We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Mortage after bankruptcy
Options
sammy32683
Posts: 82 Forumite
Hello,
I wanted to ask if anyone has had success getting a mortage immediately following discharge. I am due for discharge in February and I was going to wait a few years but my parents just came into a lot of money so want to help with a deposit.
I will have 60k combined household income and 100k deposit looking for somewhere roughly 200k so a 50% mortage. Is that a possibility at all or will it still get flat out rejected?
Thanks
I wanted to ask if anyone has had success getting a mortage immediately following discharge. I am due for discharge in February and I was going to wait a few years but my parents just came into a lot of money so want to help with a deposit.
I will have 60k combined household income and 100k deposit looking for somewhere roughly 200k so a 50% mortage. Is that a possibility at all or will it still get flat out rejected?
Thanks
0
Comments
-
Your options will be limited to 1-2 lenders, but yes it can potentially be done.
Definitely one for an experienced broker though.I am a Mortgage AdviserYou 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.0 -
Could you not just buy a house outright with that gift.Mortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £58,108
Cc around 8k.0 -
I live near london so that wont buy a 1 bed flat unfortunately.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards