The discharge period for bankruptcy in some cases has been reduced to 12 months, the bankruptcy information does however remain on your credit file for six years. As soon as you are discharged from bankruptcy you are free again to apply for borrowing facilities, including a mortgage. Unfortunately, most high street lenders continue to treat you as a bankrupt and will not consider your application.

As far as we are concerned being a discharged bankrupt should not prevent you from acquiring a new mortgage. Forward thinking lenders operate a policy that could afford you that “second chance”. Gloucester Mortgage Centre specialise in the more demanding area of the market and we have access to lenders that have a more lenient approach to lending. We also understand the bankruptcy and insolvency proceedings including IVA and Fast Track Voluntary Arrangements (FTVA).

Our panel of lenders have a very different approach to those on the "high street" so If you would like help with your mortgage from a professional mortgage broker who specialises in advising discharged bankrupts please contact us.