Declaring Bankruptcy after 6 years?

30Lozza30

Hi all, 

hoping for some advice. 

My bankruptcy was removed from my credit file last month and I’m not applying for a mortgage, or my broker is sorting it. 

However it’s been 6 years and 1 month since the bankruptcy, he is saying he has to declare it? Even the question is “have you ever been declared bankrupt in the last 6 years” it’s now more than 6 years… ok a month more but still it’s more. 

Surely you say no! If the question is or was have you EVER been bankrupt, then it’s a yes! 

Am I being silly, or is he just being pedantic. 

Cheers 

kingstreet

Which lender?

As an example, Halifax instructs us to answer no to;-

"Have any applicant(s) ever been declared bankrupt or made arrangements with creditors?"

if the bankruptcy was registered more than six years ago.

ACG

When were you discharged from the bankruptcy? If the discharge date was over 6 years ago and they are asking if you have been bankrupt in the last 6 years, then the answer would be no. 

30Lozza30

ACG said:

When were you discharged from the bankruptcy? If the discharge date was over 6 years ago and they are asking if you have been bankrupt in the last 6 years, then the answer would be no. 

July 2109 discharge. 

Lender is nationwide, the question is “have you been declared bankrupt in last 6 years” I am saying no and brokers is saying I should say yes… but it’s over 6 years. 

There is nothing in my credit files relating to the BR it was removed late last month. 

He obviously knows better but can’t see why we’d say yes when it specifies in the last 6 years 🤷🏼‍♀️

30Lozza30

kingstreet said:

Which lender?

As an example, Halifax instructs us to answer no to;-

"Have any applicant(s) ever been declared bankrupt or made arrangements with creditors?"

if the bankruptcy was registered more than six years ago.

kingstreet said:

Which lender?

As an example, Halifax instructs us to answer no to;-

"Have any applicant(s) ever been declared bankrupt or made arrangements with creditors?"

if the bankruptcy was registered more than six years ago.

Lender is nationwide, the question is “have you been declared bankrupt in last 6 years” I am saying no and brokers is saying I should say yes… but it’s over 6 years. 

There is nothing in my credit files relating to the BR it was removed late last month. 

He obviously knows better but can’t see why we’d say yes when it specifies in the last 6 years 🤷🏼‍♀️

ACG

This is a bit odd, because I would say you are right. But at the same time, I have no idea how this is even coming up for discussion. As a broker I would do what I think is right (If I am wrong its on me), I would not be discussing how I am answering questions, it would never come up for conversation. 

30Lozza30

ACG said:

This is a bit odd, because I would say you are right. But at the same time, I have no idea how this is even coming up for discussion. As a broker I would do what I think is right (If I am wrong it’s on me), I would not be discussing how I am answering questions, it would never come up for conversation. 

He asked when BR was to be removed and to chase the credit agencies to get it removed last month, which I did. And when they were removed… I said to him, rates should be better now and given it’s over 6 years I shouldn’t have to declare on the application that I’ve been bankrupt if they ask “in the last 6 years” 

he then said he had to. Which I find odd given it’s over 6 years. 

Having since checked with my bank I gained a DIP with answering yes and haven’t discussed this with the broker as for one he seems way room rushed and would have happily had me apply and search for me 3 months ago while it was still on file and I didn’t want that. He’s also very sporadic with responses and I’ve since stepped away to do just own research and find that using a broker may not the be the best way for me. 

silvercar

Find a different broker!

30Lozza30

silvercar said:

Find a different broker!

Yeah this is something I will look at. He is way too rushed and just wants the fee by the sounds of it. Given I got a DIP myself the right way… waiting for the BR to be removed it proves he isn’t right. Having called the bank, they’ve said I can change the answer to the BR question to yes, but it won’t make any difference given the length of time so again, he was incorrect, thank you. I’ll be looking for a new broker or going ahead alone in the next 8 weeks 

ACG

Nationwide are generally up there with the cheapest lenders, so I doubt you will get much lower unless it just so happens there is a cheaper lender on the day but in any event your probably talking £5 a month lower at most. 

grumpy_codger

30Lozza30 said:

ACG said:

When were you discharged from the bankruptcy? If the discharge date was over 6 years ago and they are asking if you have been bankrupt in the last 6 years, then the answer would be no. 

July 2109 discharge. 

Lender is nationwide, the question is “have you been declared bankrupt in last 6 years” I am saying no and brokers is saying I should say yes… but it’s over 6 years. 

Anybody in their right mind will answer 'No'. You had been declared more than 6 years ago.

There is nothing in my credit files relating to the BR it was removed late last month.  He obviously knows better ...

Obviously?!

silvercar said:

Find a different broker!

Absolutely!

ETA: a similar recent thread - Home Insurance quote and historic CCJ

Note: here the question was "Have you ... been declared bankrupt or had a County Court Judgement (CCJ)..."
And the comment that I agree with was "The natural interpretation in the absence of it stating a time limit is "ever"".