mortgage

[m15]

hi i was discharged back in feb 09 next year could i apply for a mortgage if so who would you recomend. thanks

[Julie]

you could contact Tony who posts on here as Welshboy, if you click on the experts link on the left, you should find his contact details.

[Welsh Boy]

m15

As a discharged bankrupt you would be able to apply for mortgage funding, you would need a deposit of circa 25% of the value of the property. Tony

[Julie]

[:D] Thanks Tony....just as I was pointing the poster in your direction [:D]

[plasticdaft]

Tony,What sort of interest rates would a disharged BR get if they had say 25k deposit on a 100k house?(just interested in what to expect)

[Welsh Boy]

plasticdaft

It would depend on what came out of a search, believe it or not there is no set formula that fits all.

Sorry to sound so vague but I have seen cases of 2 different clients both with roughly the same credit file , but with different rates being offered to each applicant because of the slight differential in their individual searches. Tony

[plasticdaft]

But whats the best rate you could expect if your credit file showed you to be a dischraged BR?

[Welsh Boy]

plasticdaft

There is no "best rate", the rate would be allocated when the results of a search are done. It isn`t a case of saying all those who are discharged bankrupts have xyz%, it`s a bit complicated than that. Tony