Note: You must be registered in order to post a reply. To register, click here. Registration is FREE!
T O P I C R E V I E W
kelly.blue
Posted - 28 August 2010 : 11:29:49 If i go bankrupt and get to keep my house that i have a mortgage on, will i be able to move and get a higher mortgage?
2 L A T E S T R E P L I E S (Newest First)
Housing
Posted - 28 August 2010 : 12:40:43 Hi
I agree with Gettingoutofdebt.
Are you suggesting that you have equity and you could look tio secure additional borrowing from your lender to avoid BR?
That MAY be an option - if you are able to demonstrate that you have the income to support an additional loan. I am assuming you have non secured revolving creadit debts - if so, that will be a possible barrier to topping up a secured mortgage.
Do not look at other forms of secure borrowing - i.e. a second charge - they are often burdonsome and may cause you more problems.
Take some advice before looking at options - you must do that anyway before petitioning for BR
Good luck, Richard
"There are no problems - only solutions"
gettingoutofdebt
Posted - 28 August 2010 : 12:09:53 It's highly unlikely that a mortgage company will lend you more money when you are BR. Once you are discharged you will probably still have problems getting a higher mortgage for a couple of years.
