Yes. You can get a mortgage after bankruptcy, but it will be more difficult, especially if the bankruptcy is still ongoing. Lenders will consider whether you’ve been discharged, how long ago the bankruptcy occurred, your credit history, your deposit amount and your general affordability before offering you a mortgage. Also, the interest rates may be higher, and your choice of mortgage deals will be limited.
This is often why someone who is looking for a mortgage if they’ve been declared bankrupt will hire the help of a professional mortgage advisor. Here at View Finance, our mortgage brokers have a wealth of knowledge and experience, including dealing with mortgages for those who are bankrupt.
