New mortgage, bankrupt in 2019 (discharge 2020)

skivy71

Hi, I'm looking to get back on the ladder and purchase a home this year (soon as possible really).

I was released from a bankruptcy order in June 2020.

My income is circa 105k pa and I have approx £50k deposit

I assumed my credit history would make getting a new mortgage a little difficult, so I've had an appointment with a local advisor.

They were very helpful, but as with most things, it's always good to know your options.

Fee's were discussed, which amount to around £1k (total).

Has anyone been in a similar position? Are their any online equivalents who also specialise in this market?

Thanks

Skiv

K_S

@skivy71 Afaik I don't think there are any L&C/Habito/Trussle types that will do heavy adverse for free but I might well be wrong. 

You're absolutely right to be fees conscious but with the kind of rates you're probably looking at, getting the cheapest suitable product is likely to pay a far bigger impact on costs than whether you pay £500/£1,000 on the broker fee.

ACG

What sort of purchase price are you looking at? 
I only ask as I think anything above £200k, your deposit is probably going to be a little on the light side. 

Personally, I think you may need to hold off until 3 years discharge to be able to get a bigger mortgage at a reasonable rate with a reasonable deposit.