Foggy wrote:You could get a mortgage before your completion certificate, but lenders will be few and far between and rates will be eye watering. After the completion certificate has been issued, it will be easier, but still fraught with difficulties. Once you are off the Insolvency Register (three months after the certificate has been issued) it will get even easier. Once you have a clear credit file with each of the three agencies you are on the home run and High street lenders will be willing to look at you. After al this and at any stage in between, you would be advised to use a whole of market broker with experience in adverse credit -- failed attempts will set you back, so try not to make them.
so basically if it takes my IP upto 6 months to issue completion cert 3 months for it to come off the insolvency register won't be in reality be able to get mortgage for almost a year after completion so much for 5 year debt and be debt free it's taken me 5 year plus the extra year as not able to get equity release which take it 6 and now possibly another year to get removed from insolovency register
For us to look to use a High Street Lender you would need to be off the Insolvency Register. The Insolvency Service normally advise that it takes 3 months from issue of Completion Certificate for you to be removed so having the Completion Certificate issued asap would obviously be of benefit to you.
All the best.
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