Discharged bankruptcy and mortgages

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m15

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Post by m15 » Fri Jul 17, 2009 4:54 pm
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Hi Everyone
Can you help we were discharged from bankruptcy in febuary this year . Is there anyone that you know that would give us a mortgage . and what sort of percentage deposit we would need.
Thanks
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MelanieGiles

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Post by MelanieGiles » Fri Jul 17, 2009 5:12 pm
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Contact Tony Parsons who posts on the forum as Welsh Boy. Tony is a whole of market broker, and will know whether anyone would be prepared to lend to you - but I would anticipate that you would need at least a 25% deposit.
Regards, Melanie Giles, Insolvency Practitioner
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Welsh Boy

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Post by Welsh Boy » Fri Jul 17, 2009 6:51 pm
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m15

At the moment you would have to be discharged for at least 1 full year. The deposit as Melanie said would be quite a large part of the overall value of the property.Tony
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m15

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Post by m15 » Mon Jul 20, 2009 12:10 am
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Ok thank you very much for all your help we would of been discharged next feb 10 a year so we will wait till then. x
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