Bankruptcy

Becoming bankrupt isn't a fate worse than death, but it can feel pretty ruinous to be unable to pay one's debts. When a bankruptcy order is made, the conditions attached to the order are stringent and it is impossible to credit without disclosing the fact of bankruptcy.

Even once you have been discharged as a bankrupt, after the usual three year period (though it can be longer), you will find it very difficult to obtain a mortgage. Regardless of your previous mortgage repayment record, no high street mortgage lender will consider your application. From their point of view the risk is simply too high.

We have established which lenders in the market are sympathetic to people who have previously been bankrupt.

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