Mortgage Matters: Are you making a smart move?

6. You're burning hundreds of pounds each month in rent, which you really hate doing but, what choice do you have? Your bankruptcy only discharged a year ago and your friends in the pub have told you that for six years no creditor will touch you. You've now resigned yourself to the fact that you'll have to keep renting.



• Provided you have at least a 5% deposit and have been discharged from bankruptcy for, typically, at least a year, there are lenders in the marketplace who will consider you for a mortgage. Borrowers with a more minor adverse credit history with perhaps a small County Court Judgment against them, may even be considered by the lenders with 100% products. There really is a solution to most problems.

Too good to be true?

You'll be amazed what lenders can offer you so, don't despair if you have made bad choices in the past. It's not the end of the world. But, remember - always read through any paperwork you have to sign, no matter how boring it looks!

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