If you’ve experienced financial difficulty and bankruptcy, we understand that securing a mortgage or remortgage can seem challenging. At CRC Mortgages, our experienced mortgage brokers in Liverpool have specialist knowledge to assist clients who have previously declared bankruptcy. With dedicated advice and tailored support, we can help guide you towards mortgage options suited to your individual financial situation and goals.
Expert Mortgage Advice After Bankruptcy Liverpool
Going through bankruptcy can significantly impact your credit rating, making mortgages difficult to obtain through traditional routes. However, bankruptcy doesn’t mean home ownership or remortgaging should remain out of reach. At CRC Mortgages Liverpool, our advisors specialise in mortgages after bankruptcy circumstances, helping you understand what’s realistically achievable based on your current circumstances.
We can help you navigate the complexities associated with bankruptcy on your financial record. Understanding the guidelines lenders follow, our mortgage advisors assist you through each step as clearly and straightforwardly as possible, explaining any requirements carefully. We aim to help you get a mortgage as soon as possible after bankruptcy, subject to lender criteria and affordability checks.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT
The FCA does not regulate some forms of Buy to Lets. Think carefully before securing other debts against your home/property.
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £449 to £699 and this will be discussed and agreed with you at the earliest opportunity.
If you would like to speak with an adviser,
please contact us below.
Why Choose Our Mortgage Brokers Liverpool?
At CRC Mortgages, we pride ourselves on our professional and personalised approach. Our local team of advisors in Liverpool have extensive experience assisting clients who have experienced bankruptcy, offering an understanding ear and a practical approach to mortgage applications.
Choosing CRC Mortgages in Liverpool means you’ll benefit from:
- Tailored guidance regarding mortgage criteria relating to bankruptcy
- Access to specialist mortgage lenders who consider applications from previously bankrupt individuals
- Personalised mortgage support provided face-to-face or remotely as per your preference
- Clear and transparent mortgage advice delivered without jargon
- Proactive assistance throughout each stage of your mortgage application
Our goal is to help you secure mortgage approval, while simplifying the process as much as possible. We will always be transparent, helping you understand the options open to you clearly so you can make informed and achievable mortgage decisions.
Remortgaging Liverpool After Bankruptcy
Remortgaging following bankruptcy can be complex, as lenders may have additional criteria and considerations. At CRC Mortgages, our Liverpool-based mortgage brokers specialise in assisting homeowners who seek remortgage options after bankruptcy.
Typically, lenders will carefully consider your financial behaviour following bankruptcy, assessing your capability to manage repayments responsibly. Our knowledgeable mortgage advisors will walk you through the remortgage application process clearly, explaining lender requirements, eligibility criteria, and potential options. We can guide you towards remortgage opportunities designed for your circumstances, helping you access appropriate rates and products.
Whether your goal is releasing equity, refinancing a mortgage deal, or moving your mortgage away from existing lenders, we’ll help you explore remortgage possibilities suitable for your situation.
Mortgages After Bankruptcy – How Long Do I Need to Wait?
While bankruptcy is likely to limit lending options at first, it doesn’t mean you can’t secure a mortgage eventually. Typically, your ability to obtain mortgage finance improves over time. Lenders often require a certain period to have elapsed after discharge from bankruptcy before they will consider lending. This time frame varies between lenders, generally ranging from one year to several years, depending on individual circumstances.
Our mortgage advisors in Liverpool provide professional guidance regarding typical time frames and eligibility requirements, helping you understand when a mortgage application might realistically be successful.
Frequently Asked Questions About Bankruptcy Mortgages Liverpool
Can I get a mortgage after bankruptcy in Liverpool?
Yes, mortgages after bankruptcy are achievable. Lenders will assess your financial situation carefully, examining your credit record, affordability and current income. Our advisors will guide you with specialist experience related to mortgages after bankruptcy.
How can I improve my chances of obtaining a mortgage after bankruptcy?
Improving your credit score, keeping stable employment, managing your finances responsibly, saving for a deposit and seeking professional mortgage advice can all help strengthen your mortgage application following bankruptcy.
Do I need a larger deposit if I have been bankrupt?
It is likely you will need a larger deposit. Lenders often request higher deposits from applicants who have experienced bankruptcy, as this reduces their lending risk. Our mortgage brokers in Liverpool will discuss deposit requirements relevant to your circumstances clearly.
Which lenders accept mortgages after bankruptcy?
Several specialist lenders consider mortgage applications after bankruptcy. The available mortgage options will depend on each lender’s specific criteria and your individual circumstances. Our advisors will guide you towards lenders better suited to your situation.
Does bankruptcy make my mortgage interest rate higher?
In many cases, your interest rate may be higher as a result of bankruptcy on your record, reflecting the perceived lending risk. However, by managing your finances responsibly and building a positive credit history, you may be able to access better rates over time. Our mortgage advisors in Liverpool will discuss potential mortgage deals based on your financial situation.
For dedicated, professional assistance regarding bankruptcy mortgages and remortgaging in Liverpool, speak to CRC Mortgages today. Our advisors are ready to provide clear, straightforward mortgage advice tailored to your individual circumstances to help you achieve your homeownership ambitions.