After the 6 years is there any record left of iva on my credit file? After 6 years in my IVA the house requires improvment what would be the chances of high street lenders remortgauging? I am named on the mortgauge however my hubby who has not been in an Iva is the primary. My name is off the insolvancy register and my credit files are all up to date, not looking right now but just worth considering maybe??
Speak to Shaun or Ryan who are mortgage experts on here - details available under the 'Ask experts a question' link on the left hand side of the page and they may be able to help.
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The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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You should certainly speak to one of the mortgage experts as you could possibly get a High Street mortgage. I know Shaun's firm have helped many of our clients in the past so definitely worth asking the question.
Some banks ask different questions so it may be better to use a broker who knows where to place the mortgage rather than making applications yourself and getting needless rejections.
Hi Liz speak to Ryan or Shaun - if you've already cleaned up your credit files it sounds like you are on the right track but they are the mortgage experts so I'm sure can help guide you or even offer you some products.
Hi Liz, it's possible that some of the debts included in the IVA showed defaults after the date of the IVA but this is fairly easily cleaned up. I can give you a bit more guidance on this if you need. Otherwise in terms of a re-mortgage, although your options may be a little more limited in the short term, this is still quite possible with an application to the correct lender. The alternative in the short term (and certainly worth considering) would be to raise the extra money you need independently of the mortgage. It would really depend on your individual circumstances but it can be a lot more cost effective.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.
