Mortgage After Bankruptcy Discharged Yes — It Is Possible
Bankruptcy is the most serious form of adverse credit for mortgage purposes but it does not permanently prevent you from getting a mortgage. Once discharged — which typically happens automatically after 12 months for most UK bankruptcies — the path to homeownership reopens gradually.
🏦 What Lenders Look At
- Bankruptcy must be discharged
- Date of discharge — longer ago the better, 3+ years is significant
- Date of original bankruptcy registration — stays on credit file for 6 years
- Clean credit behaviour since discharge
- Deposit — typically 25%+ required in first 3 years after discharge
❓ Common Questions
When am I discharged from bankruptcy?
In most cases bankruptcy in England and Wales is automatically discharged after 12 months. Some bankruptcies are subject to a Bankruptcy Restrictions Order.
Can I get a mortgage 3 years after bankruptcy?
Yes — 3 years after discharge is a significant milestone. Several specialist lenders including Together Money and Bluestone will consider applicants at this stage with a 15-20% deposit and clean credit.
Does bankruptcy stay on my credit file for 6 years?
Yes — from the date it was registered not the date of discharge.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.
This page is for general information only and does not constitute regulated financial advice. The Mortgage Geezer is a trading style of Access Financial Services Ltd who are authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 301173. Registered in England No. 04427489. Registered office address Access Financial Services Ltd, Unit 1 Furtho Court, Towcester Road, Old Stratford, Milton Keynes, MK19 6AN.