Get expert opinion. This is the place for new questions to be posted.
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Just41
- Posts: 13
- Joined: Tue Oct 09, 2012 10:50 pm
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Hi
I have been completed on my IVA via F&F for 3 years this year and the IVA has been removed from my credit file. I am considering a Morgage however there is a question on there relating to an agreement with creditors (i.e IVA) as the IVA is off my file settled and completed for 3 years do I need to inform them as I will then be refused a morgage or have to take a sub prime morgage for something that happened over 6 years ago and is done and dusted will this haunt me for the rest of my life
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Sensible77
- Posts: 625
- Joined: Wed Apr 18, 2007 11:38 pm
- Location: United Kingdom
It will depend on how the question is worded. Does it say are you in an arrangement or have you been in an arrangement?
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luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
It is all in the wording ....as sensible77 asks..... Take another look but be honest ..don't try to hide it.
There are a couple of forum experts who deal with mortgages and i am sure they wouldn't mind answering any questions you have.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Look at my blog "All I wanted was a baby"
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Adam Davies
- Posts: 14596
- Joined: Thu Mar 29, 2007 12:21 pm
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Hi
My advice is to use a mortgage broker as advised above
Regards
Andam Davies
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j109
- Posts: 8
- Joined: Sun Feb 10, 2013 7:57 am
- Location:
OK another question which may help individuals looking for an IVA can we between us identify which financial institutes ask the question
1 Are you in an arrangement ?
2 Have you been in an arrangement ?
Unfortunately mine in question 2 with the Natwest therefore I wont be applying
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Sensible77
- Posts: 625
- Joined: Wed Apr 18, 2007 11:38 pm
- Location: United Kingdom
I'm not sure that if you answer yes it will mean a rejection. Would it not say so on the application to save further bother? Maybe the interest rate will be higher.
