I have been discharged from bankruptcy for over two years now. I am wondering what the impact is going to be when I look at buying a house. Obviously, I have to declare that i was bankrupt, but is there any chance at all that they may give me a nortgage - and who would give one to me - specialist companies or high street banks?
it will mostly depend on your deposit % and your income. i know people who have obtained mortgages within 12 months of being discharged but with a 30% deposit
Dave
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Just really a Post Sriptum to the reply. Financial Institutions are really not lending to anyone at the moment. I therefore suggest that if you wish to apply for a mortgage as a discharged bankrupt, it may be worth seeing a mortgage advisor who will be able to tell you which lending companies will consider applications from discharged bankrupts and what their lending criteria are.
Getting a Mortgage as a Discharged Bankruptee
Posted - 27 January 2010 : 11:11:10
