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Mortgage after Bankruptcy
nolastchance
Posts: 37 Forumite
Hi
I went bankrupt in April 2015, it has not shown on my credit file for over a year. I'm due to apply for a mortgage but am going to leave it until May so that it is a full 7 years from the bankruptcy.
I was wondering what type of organisation would be best to use for the mortgage? Bank, building society, a mortgage company like the mortgage shop or is it best to get a financial advisor?
thanks in advance
I went bankrupt in April 2015, it has not shown on my credit file for over a year. I'm due to apply for a mortgage but am going to leave it until May so that it is a full 7 years from the bankruptcy.
I was wondering what type of organisation would be best to use for the mortgage? Bank, building society, a mortgage company like the mortgage shop or is it best to get a financial advisor?
thanks in advance
0
Comments
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Mortgage broker.1
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I agree with MEM62, mortgage broker. Good luck - one of my friends used a mortgage broker a couple of years after her bankruptcy dropped off her credit file and she is now a very happy homeowner. I'm sure many other people have done the same.
Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.1 -
Have you cleaned up your credit file? That would be the first thing to do to make sure everything - not just the br, has fallen off your credit file and recorded correctly. I got a mortgage 7 years post bankruptcy. I could have gotten it after 6 years but it took me some time to get my credit file cleaned up. I'm now coming up to 14 years post bankruptcy.
:j :j
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I got a joint mortgage after 6 years post BR. Went through a broker and although you have to jump through a few more hoops, it all went through without issue. Rate was fine too!
It can be done 1
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