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Posted: Thu May 28, 2009 8:36 pm
by m15
hi i was discharged back in feb 09 next year could i apply for a mortgage if so who would you recomend. thanks
Posted: Thu May 28, 2009 9:17 pm
by 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.
Posted: Thu May 28, 2009 9:19 pm
by 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
Posted: Thu May 28, 2009 9:21 pm
by Julie
[:D] Thanks Tony....just as I was pointing the poster in your direction [:D]
Posted: Thu May 28, 2009 10:08 pm
by 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)
Posted: Thu May 28, 2009 10:26 pm
by 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
Posted: Thu May 28, 2009 10:50 pm
by plasticdaft
But whats the best rate you could expect if your credit file showed you to be a dischraged BR?
Posted: Fri May 29, 2009 9:29 am
by 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