Jump to section
Bankruptcy is considered one of the more severe forms of bad credit. Securing a mortgage after bankruptcy is difficult, however, with the right advice, it may be possible to secure the perfect mortgage.
Friends Capital have existing relationships with lenders of bad credit mortgages. We can help you find the best mortgage deal. We will review your personal circumstances and then search the entire market to ensure you get the best mortgage rates possible. We will then deal with all the paperwork, submit your mortgage application, liaise with your mortgage lender and solicitor, and ensure that your mortgage application is completed as quickly as possible. We can:
Yes it is indeed possible to get a mortgage after a bankruptcy. Whilst bankruptcy can cause real problems with many mortgage providers, mortgage brokers are experts at dealing with mortgages after bankruptcy. It may be possible to get either a conventional mortgage, a buy-to-let mortgage, a second charge mortgage or a bad credit remortgage with a bankruptcy on your file, under the right circumstances.
Before applying for a bad credit mortgage it’s best to:
You cannot apply for any type of credit including a mortgage until your bankruptcy has been discharged. This will usually take around 12 months. In terms of offering mortgages for discharged bankrupts, each individual lender will have its own set of criteria. Some lenders will consider applicants immediately after discharge but it is important to note that their criteria will be strict, you will need to have a sizeable deposit and the rates and fees will be markedly higher than those for other mortgage products.
Friends Capital have existing relationships with lenders that welcome applicants after bankruptcy. We can search the entire market and get access to the most suitable deals available. We can:
One of our friendly advisors will either call you back within 24 hours (usually the same working day), or will take details from you in order to best deal with your situation.
When you speak with us, we will take a ‘fact find’. At this stage we take basic details about your situation. We will then search the whole of the market and find you the best deal available.
If you are happy with the deal that we offer, we will then contact the lender for you and get you what is called a ‘decision in principal’.
If you’re happy with the decision in principal then we will secure this deal for you and deal with the application for you on your behalf.