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Trent

9 months ago

Hi Shane, your lending options are unfortunately limited with a co-borrower that has an undischarged bankruptcy. You really require the assistance of a broker who specialises in credit impaired finance. You will see that Lezli has replied to your comment above and specialises in working with credit impaired clientele. I suggest that you contact her as this can be an extremely difficult circumstance in which to achieve a favourable outcome without the expertise of a credit impaired specialist. Not all brokers are specialists in this area so choose someone who declares this speciality, particularly if your loan requirements are time sensitive. Good luck and I hope you achieve your dream home ownership! Regards, Trent

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Michael

9 months ago

Hello Shane, could do some sums with you as sole borrower, it would be tricky for your partner to be a party to a credit contract if she is in bankruptcy, so is the block just in your name?

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Simone

9 months ago

Hi Shane I have one lender who can assist with construction under these circumstances however the bankruptcy must be discharged and it was first listed on the credit report 2 years before. In other words 2 years after it was first listed on the credit report and it's been discharged. Hope that makes sense. Simone

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LEZLI

9 months ago

Hi Shane. No problems. I specialise in Credit Impaired. I'm doing CURRENT bankrupt and I can help you. So please contact me via my Profile page and I'll help you also. Look forward to hearing from you. Kindest regards. Lezli

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Simone

9 months ago

Hi Shane I'm making a few inquiries for you and will get back to you. Can you advise the estimated value of the block at the moment? Simone

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Daniel

9 months ago

Hi Shane. Even then with the discharge on file a construction loan will be difficult. Regards. Daniel

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Shane

9 months ago

We are able to wait until the discharge occurs, what will be our chances of obtaining a loan then?

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Simone

9 months ago

Hi Shane are you able to wait until the bankruptcy is discharged as you would have other options to consider.

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Daniel

9 months ago

Hi Shane. Unfortunately with the bankruptsy still in place for your partner eliminates her from all borrowing. One option is to sell the block and buy an established property in your name only. Let me know if I can help. Regards. Daniel

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Shane

9 months ago

Also this is a first home so have access to the FHOG and are in regional Vic.

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