Bankruptcy Mortgage Information
Bankruptcyt mortgages are also known as bad credit, poor credit, impaired credit, sub prime or non status mortgages - they all effectively mean the same thing. (mortgage glossary?) If you have a recent bankruptcy on your credit and are looking to get financing for a home, there is hope. Applying for a bankruptcy mortgage will just put more emphasis on the other two factors needed to get a mortgage loan, which are; income verification and a down payment.
"Most people assume obtaining a mortgage after bankruptcy is out of the question. Not true. It is more difficult finding the right lender, luckily we've done the shopping around so you don't have to."
Bankruptcy Mortgages Continued...
After the 2-3 year waiting period is over, you should be able to get financing easily. You also should also be able to get 100% financing as well as long as most of your payments have been reported to the credit bureau as having been paid on-time since the discharge of your bankruptcy. Logically the lender needs to see you are able to make repayments and that their mortgage loan is relatively safe.
Our Top Tips On Credit Recovery!
 Continue timely payments on any items not discharged in the bankruptcy.
Having at least a couple of credit items you are paying on-time will help.
Limit the amount of other debts such as credit cards or bank loans.
Too much debt will make it more difficult to qualify for a loan
Speak to Infinite Mortgages - We can help!
Security and Peace of Mind
Our remortgages are provided in accordance with the FSA 306746 registered. This makes adverse credit mortgages suitable for every UK homeowner. It’s a fast solution to any bad credit situation so apply now for a bankruptcy mortgage quote
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