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T O P I C R E V I E W
clairelou29
Posted - 23 March 2008 : 17:17:16 I declared myself bankrupt in april 2002. Was discharged in april 2005. I now wish to apply for a mortgage, should i declare the bankruptcy??
How long after discharge should i continue to declare the bankruptcy for?
There is no record of the bankruptcy on my credit reports, just a default which is due to drop off my credit file in april 2008.
Any advice regards this matter is greatly appreciated.
Regards
clairelou29
2 L A T E S T R E P L I E S (Newest First)
Helpful Advice
Posted - 24 March 2008 : 21:50:42 Hi Clairlou,
As Melanie has said almost all mortgage forms ask if you have ever been bankrupt and it would be fraudulent to fill this in incorrectly, as Melanie said be honest as the years go on after discharge it will effect you less and less
Posted - 23 March 2008 : 19:58:25 Hi clairlou and welcome to the forum
You will only need to declare your bankruptcy if the application form for the mortgage asks specific questions - which most actually do. If this is the case, just answer honestly. Being a bankrupt in the past generally will not affect your application generally, although you may have to pay a slightly higher interest rate.
