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Can I get a mortgage after bankruptcy?

Categories: Bankruptcy FAQs Bankruptcy Questions Credit and Credit Repair

Believe it or not – especially in light of the credit crunch – mortgage brokers tell us that mortgages are now possible provided you have been discharged for three years and have had no problems in the interim. Clearly, the lenders will look at each case very closely and probably insist on a substantial deposit, but at least there is hope.

This is quite extraordinary given there is no chance of getting a mortgage if you’ve been stuck in an IVA or Debt Management for several years. From a lender’s point of view, the reasoning is quite simple i.e. people who have entered into bankruptcy have a) probably learned a lesson and b) more importantly, have no debt!

If you are considering bankruptcy, we will help you throughout the process and submit your application online. Court appearances for bankruptcy are no longer required. Feel free to call us for a chat or for bankruptcy help on 01425 600129.

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