We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Mortgage after bankruptcy
Options
maria1up
Posts: 3 Newbie
Hi. My hubby and I went bankrupt in 2017, released in 2018. We would love to buy a house at some point as renting is dead money. I was told by a mortgage advisor that we are unlikely to be able to get a mortgage until 6 years from date of release so 2024. Is this correct? I have been debt free since and my credit score is improving. Any advice would be great.
0
Comments
-
3 years discharged and you should have options, although you will probably be looking at 15-20% deposit.
When in 2018 was he discharged? After that date there should be lenders who will consider the bankruptcy.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.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards