Discharged Bankruptcy Mortgages
Discharged Bankruptcy Mortgages
In the past, a discharged bankrupt mortgage might have been more easily accessible, but lenders have become stricter about who they lend to, requiring proof that you are able to repay your mortgage, so being a discharged bankrupt will make getting a mortgage a lot more difficult.
It is important to remember that lending to discharged bankrupts is higher risk and as a result the lenders will have stricter criteria in order to protect themselves, so if you are able to get a mortgage deal, it will generally result in higher interest rates or a decreased Loan-to-Value or both. The good news is that if you can get a discharged bankruptcy mortgage, it can help you to rebuild your credit history.
In order to be granted discharged bankruptcy mortgages you will need to:
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Be prepared for high interest rates
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Be discharged for at least one year
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Have a significant deposit
To get discharged bankruptcy mortgages quotes, fill in our online form and an experienced advisor will be in contact to guide you with information and advice about the deals available. Just click on the link.
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1.84%
| Alliance & Leicester | Mar 2012 | Variable |
4.80%
| 70% |
More
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1.89%
| Alliance & Leicester | Mar 2012 | Variable |
4.80%
| 70% |
More
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1.99%
| Alliance & Leicester | Mar 2012 | Variable |
4.80%
| 70% |
More
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1.99%
| Cheltenham & Gloucester | May 2012 | Variable |
2.80%
| 60% |
More
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1.99%
| Cheltenham & Gloucester | May 2012 | Variable |
2.80%
| 60% |
More
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1.99%
| Lloyds TSB Scotland | May 2012 | Variable |
2.70%
| 60% |
More
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2.00%
| Chorley & District BS | Mar 2011 | Discounted Variable |
5.20%
| 75% |
More
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*for existing customers only
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
