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T O P I C R E V I E W
hairandbeauty
Posted - 06 August 2009 : 09:37:40 Hi guys
I went bankcrupt in Jan this year and been told I should get early discharge on 11th Augs. I volutered to hand my house back as it was in scotland and I moved down in to southern england.
The landlord I rent off now has offered me the house when my bankcruptcy finishes and said he would pay the 10% deposit?
My question is how soon after getting a early discharge can you get a mortgage again? also would I need to wait till my previous house is sold by the mortgage company?
3 L A T E S T R E P L I E S (Newest First)
Reviva UK
Posted - 06 August 2009 : 11:03:07 Hi
no that is not what I am saying.
in the current market you would probably need 40 - 50% deposit to even be considered for a mortgage.
Additionally there is absolutely no chance of getting a mortgage while bankrupt. The OR would also really want to know where the money had come from for the deposit.
Has your old house up north been reposessed & sold yet?
Posted - 06 August 2009 : 10:45:04 ok thanks for that. So what your saying IF there was a 90% mortgage available we would be able to go for it providing everything as ok, we wouldnt need to wait the full 12 mths of bankcrutcy or till the old house was sold?
Reviva UK
Posted - 06 August 2009 : 10:42:31 Hi
in this current market place you would need 40 - 50% deposit if you are newly discharged and probably need to prove income
