0800 197 0504

0800 197 0504

Mortgage after bankruptcy

TrustScore 4.8 | 217 reviews

There are mortgages available even if you’ve been bankrupt

If you’ve been declared bankrupt, we can start looking at mortgage options available once you’ve been discharged. This usually happens after a bankruptcy term of 12 months. Read more about bankruptcy here

  • Mortgages available even if the bankruptcy is still on your credit report
  • Residential and buy-to-let mortgages
  • Specialist lenders available

Helping one customer to buy a new home who had previously been bankrupt

Mr and Mrs B had seen a property and managed to save a 10% deposit so they could buy it. Mr B had previously been bankrupt and still had outstanding defaults showing on his credit file. At Clever Mortgages we were able to help the couple:

Prove to the lender Mr B’s previous defaults had been paid as part of his bankruptcy Take out a new 90% mortgage so they could use their 10% deposit Secure a mortgage of nearly £65K over 20 years with a fixed rate for the first two years

Bankruptcy years dischargedMaximum loan-to-value (LTV)
Less than a year60%
1 year75%
2 years85%
3 years95% (subject to credit score)
4 years95% (subject to credit score)
5 years95% (subject to credit score)
6 years95% (subject to credit score)

Although Mr B had been discharged from his bankruptcy over three years since wanting to buy the house, there were some defaults on his credit file that were still showing as outstanding. Even though these had been included in the bankruptcy, several lenders had refused his application. We approached a lender which we knew may be able to help and worked with Mr B to gather the information needed to prove the defaults had been paid.

He was relieved to secure his mortgage, buy his home and enjoy moving in with his family.

New Mortgage£63,900£362.863.09% 2 year fixed rate20 years
Term20 Years

No obligation advice on bankruptcy mortgages

Have you ever wondered how much you could borrow?

Complete our quick and simple form to get an overview of how much you could potentially borrow and estimated monthly payments.*

How much could you borrow?

Ever wondered borrow?How much can you Find out nowHouse £0£100£1,100£10,000£50,000£100,000£125,000House £125,000£0£0£5,000£10,000£30,000IncomeMortgage £105,000Deposit£0£20,000£10,000£5,000You could borrow between£105,000 £135,000to

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Our mortgage advisors will then speak to you in more detail for a free, no obligation mortgage quote.

6 Great reasons to choose Clever Mortgages

Specialists in bad credit

Every member of our team is trained in bad credit situations and know how to find the right solutions for customers – helping them get the mortgage that’ll get them back on track.

Over 100 lenders

The number and quality of lenders we work with means we have access to a diverse spectrum of best-rate deals. The lenders we use means we have all areas covered – even for those in particularly niche circumstances.

Not every case is the same

As each customer’s situation is unique, we take the time to understand your situation, and we carefully assess your goals and how we’ll make sure the mortgage we get helps you to achieve them.

Access To Exclusive Rates

The relationship we have with our lenders means we have access to products and deals that simply aren’t available to customers going direct. This is true particularly for those in adverse credit situations.

Offering the best support

We know that buying or moving house and getting a mortgage is stressful, so we do our upmost to make the process as hassle-free as possible. We’re there for you at every step, always keeping you in the loop.

Excellent Reviews

We’re proud of our long-standing 5 Star Rating on Trustpilot, and love all the positive feedback we get from customers every day. We feel privileged to help people get a great deal with far less stress.

Why use a mortgage broker?

Mortgage brokers can help you find the best deals on the market – not just from one lender. With a broker you’ll get:

  • Valuable knowledge, through years of experience helping customers to find mortgages
  • An improved chance at finding a mortgage, some mortgages are only available through a broker
  • Help with the application process, as usually just one application can be used across various lenders
  • Advice on how to improve your chances, for instance getting a guarantor or applying for a joint mortgage

About Clever Mortgages

We specialise in assessing an individual’s situation, and finding the right mortgage solution for them. We can help:

  • With remortgages, buy-to-let, and first-time buyers mortgages. We have experts who cover these areas
  • Even if you’ve got bad credit – we help people every day with a variety of credit histories to find the right mortgage
  • With applications, as we’ll take the hassle away. We require your details once and we’ll know the best lenders for your circumstance
  • Our team know the lenders that are most likely to say ‘yes’, and give you the best rates

What should I do next?

  • You enquire online with us today or request a call back
    Our simple form takes a couple of minutes to fill in, this gets the ball rolling
  • One of our experts will give you a call to find out more about your situation
    We have experts in remortgaging, who focus solely on helping customers save money
  • We do all the hard work for you
    We search the market for the trusted lender that’s right for you
  • Our expert will get back in touch
    We can guide you every step of the way, and we’ll always keep you up-to-date with progress

Speak to a broker

Christie Buck

Christie is a specialist mortgage broker, whose been working for Clever for 6 years. She has been in the financial industry for nearly 11 years which included assisting clients in financial difficulty setting up IVAs.

Call us on: 0800 197 0504

Below are some of the lenders we work with

Further information

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