Bankruptcy Searches after Exchange

Mrh1019

Hi all, I was looking for some advice if possible please. We have a mortgage offer with Halifax, we used a broker. We were made bankrupt in 2013 and so answered ‘no’ to the bankruptcy question in the application as it asks about bankruptcies ‘within six years’. I’m so, so nervous of the bankruptcy searches after exchange though? Might they throw a spanner in the works even though I answered the question honestly?

thanks in advance.

x

ACG

There should be nothing to worry about. You answered the questions as asked and thats all we can do. 
Halifax I am sure will not be interested in the bankruptcy. 

Petriix

If you've got a reasonably competent solicitor (who you did disclose the bankruptcy to, didn't you?) then they won't have exchanged without ensuring that the bankruptcy would be OK with the lender. They have a legal responsibility to both you and the lender so they do tend to make sure everything is in order before proceeding to exchange.
It is a nervous time between exchange and completion, but it's highly unusual for anything to prevent completion after exchange.

Mrh1019

I had no idea I needed to disclose bankruptcy to my solicitor? They’ve never asked any questions about our financial history? 

Mrh1019

I’ve always been honest whenever asked. I’m far too anxious to do otherwise. I told my broker about the bankruptcy but she said answer no as it was over six years x

ACG

Mrh1019 said:

I’ve always been honest whenever asked. I’m far too anxious to do otherwise. I told my broker about the bankruptcy but she said answer no as it was over six years x

Unless it has changed in the last 2-3 months, your broker did the right thing. 
Which is why is should not matter, your solicitor may end up reporting to halifax, but halifax will say it is over 6 years old so the question was answered correctly, no changes needed. 

Mrh1019

I really hope so! I’ve checked the insolvency register and I’m not on there? 

Mrh1019

My solicitor said I’m not coming up on a search thank god! Thanks for your help x