We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage after Bankruptcy & Repossession (Registered 2010)
MadameGeorge
Posts: 19 Forumite
Hi,
I've posted this over on the wrong board. I'm in desperate need of good advice.
I was made bankrupt and property repossessed back in 2010 following an abusive marriage. My ex refused to contribute to shared debts and then disappeared leaving it all behind him. I was discharged in 2011.
I've been with Barclays since that time. Firstly got a Basic Account, then when able a Current, Savings, ISA, Home Insurance and Home Insurance. I researched a year ago over feasibility of a mortgage with them. At the time I'd read that they would consider clients that had my circumstances if it was 6+ years. I have an offer accepted. My Conveyancing Team are on the Barclays Panel, passed AIP then Affordability Check over Phonecall where I was asked, have I ever had adverse credit. I replied only in distant past, more than 6 years ago.
I have my mortgage application appointment with their advisor on Monday and I'm now worried sick. I've read on OnlineMortgageAdvisor that Barclays don't ever accept with a history of repossession. It doesn't appear to be clarified in their lending criteria. And because it doesn't stipulate in their criteria, I felt I had a good chance with the time passed. My record has been immaculate since I've been single.
My previous debts were with Northern Rock, Bank of Scotland, Egg and Sainsbury's.
Should I be pulling back on the application? My move date is August end and I'm desperate for this to go ahead. I've been renting 13 years. Should I look at Brokers? Are fee free ones any good? I'm looking at L&C and Yescando.
Thanks for reading.
I've posted this over on the wrong board. I'm in desperate need of good advice.
I was made bankrupt and property repossessed back in 2010 following an abusive marriage. My ex refused to contribute to shared debts and then disappeared leaving it all behind him. I was discharged in 2011.
I've been with Barclays since that time. Firstly got a Basic Account, then when able a Current, Savings, ISA, Home Insurance and Home Insurance. I researched a year ago over feasibility of a mortgage with them. At the time I'd read that they would consider clients that had my circumstances if it was 6+ years. I have an offer accepted. My Conveyancing Team are on the Barclays Panel, passed AIP then Affordability Check over Phonecall where I was asked, have I ever had adverse credit. I replied only in distant past, more than 6 years ago.
I have my mortgage application appointment with their advisor on Monday and I'm now worried sick. I've read on OnlineMortgageAdvisor that Barclays don't ever accept with a history of repossession. It doesn't appear to be clarified in their lending criteria. And because it doesn't stipulate in their criteria, I felt I had a good chance with the time passed. My record has been immaculate since I've been single.
My previous debts were with Northern Rock, Bank of Scotland, Egg and Sainsbury's.
Should I be pulling back on the application? My move date is August end and I'm desperate for this to go ahead. I've been renting 13 years. Should I look at Brokers? Are fee free ones any good? I'm looking at L&C and Yescando.
Thanks for reading.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards