I just wandered if anyone had experience of refinancing there mortgage once bankrupt.
I already have a mortgage and the fixed rate just ended, I would like to approach the same mortgage provider and see if they will offer me another fixed rate.
Provided you have kept your mortgage payments up to date your bankruptcy should not affect your ability to renegotiate a fixed rate deal with your current mortgage provider. They will only be concerned with your payment history with them as the debt is secured and not part of the bankruptcy
Hope this helps
Melanie Nicholas 28 years insolvency experience - 23 of which in the Insolvency Service - Insolvency Manager Jones Giles email me at melanienicholas@jonesgiles.co.uk
Mab Mine has just ended and i have been assured by my mortgage provider that my bankruptcy wont affect my mortgage with them or even any chance that i have to have any other offer. I have kept up my repayments with them and so they said i am still a good customer regardless of the bankruptcy status. I cannot do anything for a few weeks as still bankrupt till July but once discharged i will be on the blower to them to see what they can offer us. We also bought back the BI in our home so we are back to how we were, only thing left to do is change the Tenents in common to Joint again when discharged.
Thanks for the Feedback its good to hear that everything went well for you.
I contacted my lender over the weekend and again they said there should be no problem sorting a new rate out as and when required, although apparently at the moment the Standard variable rate is cheaper!!!!.
Im in the process of sorting out buying the BI back from the OR so hopefully that wont take to long, its a bit nerve racking hoping that they agree with the valuations etc. It will be nice to know that the house is ours again so we can get on with the ususal spring DIY!!!
Mortgages
Posted - 22 April 2009 : 12:38:53
