Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Getting a mortgage after debt write down

  • 30-11-2017 9:34pm
    #1
    tracy3135
    Registered Users, Registered Users 2 Posts: 10 ✭


    Over the past 5 years I have been through some tough times, severe wage cuts by both myself and my now ex husband, divorce, losing the family home and keeping myself going for the sake of the three beautiful children I have.

    Our family home was sold at the request of the bank. We agreed to do this and the bank had to agree the buyers offer. We got a debt write down for the remaining sum owed as the house was in serious negative equity.

    It has been over two years now and I am a renting a house with my children. Unfortunately the owner is selling and we have to move. The rental market is so uncertain and there is nothing to rent.

    My elderly mother is going to help me to try to buy a modest home to provide some security for me and the kids.

    MY QUESTION IS THIS........
    Do you think I could be considered by any lending institution for a mortgage after having a debt right down? Are circumstances taken into account and considered or am I simply to remain in a bad credit rating for 5 - 7 years before being considered eligible for a mortgage?
    Tagged:


Comments

Advertisement