Looking for a mortgage after bankruptcy? You have options.

Mortgage options after bankruptcy


If you’ve ever applied for bankruptcy, you’ll know that recovery can be a long and difficult process, but once your bankruptcy has been discharged it is the opportunity to slowly focus on getting your life back.

Generally, bankruptcy listings will stay on your credit file for up to 7 years, which could make the path to home ownership a little challenging. It could also take time to rebuild your credit rating once your bankruptcy has ended, but setting up a budget, ensuring that you pay all bills on time and establishing a savings buffer can assist to rebuild your financial future. 

Applying for a mortgage after bankruptcy is not impossible. But it is always important to assess your financial situation and seek advice when needed before applying for any loan products, to ensure that any new loans you take on don’t lead you back into bankruptcy.

How can Pepper Money help with a mortgage after bankruptcy?

As a specialist lender we don’t see your bankruptcy history as something that should hold you back from your future home loan happiness. We understand that sometimes circumstances beyond your control can lead to bankruptcy, leaving you with an impaired credit history. Unlike traditional lenders who may use automated credit-scoring methods, we will talk with you and find out more about your individual situation.

If you have been officially discharged from your bankruptcy (by more than 1 day) or entered a debt agreement, Pepper Money may have a home loan solution for you. If you have an existing home loan, we may also be able to assist with finalising a debt agreement or structuring debt consolidation into your home loan through refinancing.

Discharged from bankruptcy, or experienced some type of credit impairment? Let us get to know you to understand how this credit issue came about and what has happened since then. For example, being able to show that you have been in a stable employment with a reliable income and savings patterns since then could help demonstrate that you are in a more stable financial situation and able to repay the mortgage.

If you’re looking to apply for a mortgage after bankruptcy, you can begin by talking with one of our Lending Specialists on 13 73 77 or enquire online here.

We’ve helped thousands of Australians in a wide variety of credit and post-bankruptcy scenarios achieve their goals, read their stories.

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