not my fault i was declared bankrupt

[shmcm2009]

i was declared bankrupt by the inland rev for �750 in sept 2005 and satisfied in sept 2006 all this because of an error caused by my accountant,my question is can i get a mortgage?

[Ethel]

Yes you can. More than ever, you will need to prove a good income to loan ratio and have a decent deposit. Most lenders will not consider a mortgage for at least two years after discharge though.

Talk to high street banks first - shop around for the best rate. Only use 'specialist' lenders as a last resort. In fact I would recommend waiting another year or so rather than use those companies.

[Pippa68]

As Ethel has said, maybe only specialist lenders will deal with you at the moment ~ so yes, you can get a mortgage however you may need a larger deposit and have to borrow at a higher interest rate.

We went for one of those deals after Mr Pippa was discharged ~ mainly because we wanted to buy a house there and then as we feared we may miss the boat...as house prces were rising dramatically. We are glad we did, and could just about afford the deal we were offered.

Four years later we were in a better position to switch to a High St lender.

[EverClean]

"Specialist lenders" will often offer you as good if not better rates than the High Street.

Any issues people had with specialist lenders in the past should be consigned to the dustbin now. They are all regulated firms and have to compete for people's business (hence competetive rates) unlike lenders such as Halifax who offer poor rates and poor customer service but get the business because they are the Halifax.

Speak to a whole of market mortgage adviser to get a full idea of any rates, fees, etc you are likely to pay.

You can borrow up to 100% the value of a property - you don't need a larger deposit, altough some sort of deposit will reduce the rate.