Mortgage after bankruptcy
Specialist mortgage brokers to help you choose a right mortgage, so you can move on with your life.
Find out how our brokers can help you if you are applying for a mortgage after bankruptcy.
A mortgage with bankruptcy is a type of mortgage that allows people to get a loan even if they have filed for bankruptcy. These loans are usually given by private lenders who specialise in this type of loan, and they usually come from this group.
The process of getting a mortgage after bankruptcy is not easy, but it is possible. The requirements for getting a mortgage with bankruptcy are not the same for everyone. It depends on your credit score and the type of bankruptcy you filed.
In order to qualify for a mortgage after bankruptcy, you must show that you are able to manage your finances and that you have not been bankrupt more than once.
Generally, there are three types of requirements for getting a mortgage after bankruptcy:
Bankruptcy is a legal procedure that can be used by an individual or a business to deal with their debts. A person who has become bankrupt (or an individual who is being declared bankrupt) is known as a bankrupt.
A creditor may file for bankruptcy on behalf of an individual who is unable to pay a debt or a series of debts totalling at least £5,000 in total.
Individuals may also choose to file for bankruptcy on their own if they believe it is impossible to repay the obligations that they owe. Your assets, such as your home or car, are generally sold to pay off your debts.
Bankruptcy typically lasts for 12 months. During this time, you’ll be subject to numerous financial restrictions. You’ll be ‘discharged’ from bankruptcy when it’s over.
Getting a mortgage after bankruptcy is possible if you are able to prove your creditworthiness. You might be wondering how you can apply for a mortgage when your credit rating is so low and you have gone bankrupt.
The good news is that some lenders may allow you to apply for a mortgage as long as you have been discharged from bankruptcy for at least 12 months and can show that you are sufficiently managing your finances.
The length of time it takes to get a mortgage after bankruptcy depends on the lender. Some lenders will offer loans to those with bankruptcy, but they may charge higher interest rates and require a larger down payment.
It is important for borrowers to be aware that the length of time it takes for them to get approved for a mortgage loan and the amount they will be able to borrow may vary based on their credit history, income, and other factors.
It is possible to apply for a mortgage with bankruptcy if you have student loans. The key is to make sure that you are able to afford the monthly payments and the interest rates. This may require some budgeting, but it can be done.
When it comes to applying for a mortgage, the process can be daunting. You’ll need to fill out all the paperwork, submit it to a bank or mortgage company, and then wait for them to get back to you. But, what if there was a way to make that process much easier?
Fast approval: No more waiting around for weeks on end in order to hear back from lenders. We offer quick approvals, which means you can get on with your life faster.
Bankruptcy mortgage: If your credit’s not up to par or if your situation has changed and you’re now bankrupt, we offer mortgages that cater specifically to your needs – even if you have no credit history at all!
Simple application process: We know how difficult it can be to get through the paperwork, and we’re here to help. Our application process is simple and straightforward, so you can feel confident applying with us!
We’ve got a team that’s ready to help: Don’t worry if you’re not sure how to navigate through this process—our trained staff is here for you every step of the way, from application through closing, so it feels like we’re working together on your behalf!
The mortgage with bankruptcy is the solution that you’ve been looking for. You can finally get the mortgage you need while still maintaining all of your assets.
Get a mortgage with bankruptcy right away: Bankruptcy doesn’t have to be the end of your financial future. With Count Ready, it’s possible to get the loan you need without letting go of any assets. And we’ll process your application in just a few hours!
Bankruptcy is not the end of the world: Don’t let bankruptcy stop you from getting the home of your dreams. Whether you’re filing for bankruptcy, have already filed for bankruptcy, or are considering filing for bankruptcy, Count Ready is here to help you finance a new home.
A new opportunity to start over: Regardless of what brought you to bankruptcy, we’re here to offer a new way forward. To find out if you’re eligible for a bankruptcy loan, fill out an application online now!
Lenders that work with bankruptcy: We work with lenders that are experts in mortgages and bankruptcy. At Count Ready, brokers have dealt with hundreds of different situations and know exactly what to do in your case.
We are a hybrid mortgage broker and protection adviser. However, we want to make it clear that we do not have physical branch offices everywhere in the UK. You can get our services over the phone, online, and face-to-face in some circumstances.
Please keep in mind that while we may not be local to you, we may still assist you. Imagine if you had a long-term health issue that needed to be addressed. Would you rather have the person who is closest to you or the person who is the best? Now is the moment to put that critical thinking to work in your search.
Legal
Count Ready Limited is registered in England and Wales, No: 10283205. Registered Address: Unit 10, Robjohns House, Navigation Road, Chelmsford, England, CM2 6ND.
Count Ready Limited is an Appointed Representative of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference: 976111.
The FCA do not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies.
The information contained within this website is subject on the UK regulatory regime and is therefore targeted at consumers based in the UK.
We usually charge fees of £595 on offer, but we will agree to our fees with you before we undertake any chargeable work. We will also be paid by commission from the lender.
Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
Disclaimer: All content on the Count Ready website can only ever provide general information and does not constitute financial advice. For this reason, we always recommend that you speak to authorised advisers for your needs. (Please be aware that by clicking onto any outbound links you are leaving the www.countready.co.uk. Please note that neither Count Ready or Connect IFA are responsible for the accuracy of the information contained within the linked site(s) accessible from this website.)
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