I know I am likely to get a BRU and they are fairly "toothless" as Melanie puts it. Can you still go out and get a mortgage when you are on one of these. Lets say I get a 6 year one, but would like to move house after the IPA is over in 3 years, would it be possible. You just have to declare it at the point of application?
To be honest you can only really judge the mortgage market on todays market place and because of that i would have to say no. I'm not saying that would be impossible for you to get one as i am no mortgage broker but i think your chances are pretty much zero!
Up until 2 or 3 months back it was possible but a little expensive to get a mortgage 3 years after discharge. With the change in the market of late that would be less likely now.
I think that pretty much answers your question. Unfortunately I would doubt you could begin to look at taking out a mortgage until 2017 at the earliest if you get a 6 year BRU.
BRU
Posted - 12 July 2008 : 10:13:00
