Securing a home loan after bankruptcy can be difficult, and although the situations surrounding bankruptcy vary, many banks do not consider this.
Unfortunately the reasons behind bankruptcy are not captured on credit files, meaning securing a home loan could be very difficult. Any bad debt or bankruptcy situation is recorded and when a home loan is applied for, this information is displayed. Most lenders will not approve loans when this type of information appears for 7 years.
At Tick Finance we recognize that everyone’s situation is unique and this shouldn’t prevent you from realising your dream of owning your own home.
Our team has researched various loan products to be able to provide different options, depending on each person’s unique situation. Contact us for an obligation free assessment of your situation and options available to you.