At Niche Advice are market leading mortgage specialist in arranging mortgages for applicants with a bankruptcy or IVA to their name. Our Lenders appreciate our expertise when it comes to Bankruptcy & IVA Mortgage and as such allow us access to mortgage products for recently discharged bankrupts or those currently in IVAs.
Bankruptcy & IVA Mortgage Criteria
No upfront Broker fees by us. You only pay once the deal completes.
[ezcol_1fifth]Initial Rate: 6.79%[/ezcol_1fifth] [ezcol_1fifth]Subsequent: 6.79%[/ezcol_1fifth] [ezcol_3fifth_end]The overall cost for comparison 7.19% APRC[/ezcol_3fifth_end]
High Income Multiples Product Features: Bankruptcy discharged 1 year can include repossession. No main early repayment charges.
For more information on Bankruptcy & IVA Mortgage please call complete the enquiry form on this page or call the number below.
Any property used as security, which may include your home. may be repossessed if you do not keep up repayments on your mortgage
Residential and Buy to Let Mortgages
Rates current as at 01/02/17 . The overall cost for comparison is based on a purchase price of £300,000 over a 25 year term. The Right-to-Buy example is based on a discounted purchase price of £150,000. Repayment for Residential and Interest only for Buy-to-let (unless otherwise specified). Eligibilty will depend on your own personal circumstances.
KEY – ERC = Main early repayment charge.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
The information contained herein is based on research through the Trigold (IRESS UK) sourcing system. When first published to this site the data is normally 24 hours behind real time, and may or may not still be available.
A first charge over your property is required as security for the loan.
The formal mortgage offer of an advance will be subject to a valuation and other satisfactory references.
- Over 10 UK Lenders who can give you a Mortgage if you have been bankrupt in the last 6 years
- IVAs started 1 day and not settled
- Multiple bankruptcies considered
- Repossessions allowed
- No early repayment charge products so can remortgage to conventional lender at earliest opportunity
- NEW options now available for bankruptcy/Sequestration and IVA in Scotland
Example Product Rate and Fees – Bankruptcy & IVA Mortgage
| Type and initial benefit period | Libor Tracker |
| Minimum deposit / equity: | 35% |
| Valuation fee | £485 |
| Booking fee | £0 |
| Lender arrangement | £995 |
| Telegraphic transfer / CHAPS fee | £1495 |
| Legal fee | £500 |
| Early repayment charge | None |