Bankruptcy is one of the most serious forms of adverse credit, but it doesn't permanently prevent you from getting a mortgage. Once discharged, specialist lenders will consider your application — and rates improve significantly over time.
Timeline After Discharge
- • 1 year after discharge — a few specialist lenders, 25%+ deposit, higher rates
- • 3 years after discharge — more options open up, 15–20% deposit
- • 6 years after discharge — bankruptcy drops off credit file, near-normal lending