Who this guide is for
- Recently discharged bankrupts wanting to re-enter property
- Borrowers 1-3 years post-discharge with stable employment
- Discharged debt-agreement (Part IX) holders
- Anyone the major banks decline due to bankruptcy history
The real challenge
Major banks treat bankruptcy as an automatic decline for 5-7 years post-discharge. That timeline is brutal — borrowers who've rebuilt their lives quickly are still locked out of the property market.
Many discharged bankrupts assume property ownership is impossible and don't realise specialist lenders fund tens of thousands of post-bankruptcy loans every year. The result is years of lost equity growth.
How Mortgagefy helps
Mortgagefy works with specialist lenders that fund borrowers from day 1 of discharge. The rate is typically 1.5-3% above prime, the deposit is 20-30%, and the goal is to refinance to a standard lender after 2-3 years of clean repayment history.
We map your full picture — discharge date, current income, savings, current credit file — and tell you exactly which lender will approve and what to expect. Most clients are surprised how achievable it is.
How it works — 4 simple steps
Status review
Discharge date, debt-agreement status, current credit file and income.
Lender match
From the active post-bankruptcy lenders we identify the 2-3 most likely to approve.
Application prep
We package your income, savings and explanation of the bankruptcy in the format specialists want.
Refinance plan
From day one we plan the 2-3 year refinance back to a major bank rate.
Frequently asked questions
Get a free discharged bankruptcy home loan assessment
We tell you the truth about your situation — what's achievable, what rate to expect, and how to plan the refinance back to a major bank.
Related guides
Get your personalised answer in 2 minutes
Free, no obligation. We'll match you with the right lender for your situation.
Model your scenarios: Use our free home loan calculators to estimate borrowing capacity, repayments, and savings.