Can I get a mortgage after IVA completion

[Flavour79]

Hi All

Just enquiring whether I can get a mortgage now with high street lender after receiving completion certificate even though defaults fall off my credit file in September this year?
Am looking at help to buy .

Thanks

[kallis3]

Have a word with either Sean or Ryan - our resident mortgage experts - details under the experts link on the left hand side of the page.

[Foggy]

Both Shaun and Ryan have vast experience of placing mortgages for ex-IVA'ers --- however, the chances are far better once you have a clear record --- and interest rates far more attractive. You are already limiting your choices with HtB, so I would say it would be better to wait out the few months to get more choice --- but Ryan and Shaun are the ones better placed to advise.

You can get their contact details from their profiles here:

Ryan : memberlist.php?mode=viewprofile&u=18488
Shaun: memberlist.php?mode=viewprofile&u=22837

[Flavour79]

Thanks

[luluj]

Echo thoughts of others - our mortgage experts Ryan and Shaun have helped hundreds over the years achieve a mortgage after their iva.

[Flavour79]

Whilst on this subject can my bank account be changed / Upgraded now the IVA is completed or I have to wait for the defaults to fall off my file inn September??

[Foggy]

Whilst on this subject can my bank account be changed / Upgraded now the IVA is completed or I have to wait for the defaults to fall off my file inn September??

My bank (Co-Op) waited until the credit file cleared, then offered me a credit card at the same time !

[kallis3]

Same with Nationwide - we got a full account plus credit cards.

[Flavour79]

Thanks. Will sit tight and wait then.

[Ryan]

Hi Flavour69,
There is something wrong here, if you have Defaults dated after the date you went in to an IVA, these need to be amended.
What date did your IVA start?

[Flavour79]

Hi Flavour69,
There is something wrong here, if you have Defaults dated after the date you went in to an IVA, these need to be amended.
What date did your IVA start?

Hi Ryan

I contacted all the creditors in question between August 2019 and September 2019 to amend their records.
On my credit file now the default date of the accounts are showing at 09/09/14 which is the date I entered into the IVA. So in turn my 6th Anniversary will be 09/09/20.

[Flavour79]

I want to get a mortagage this September so I want to start the preparation work now so come the 9th September when I check my credit file and all the defaults have fallen off I can put in an application for DIP

[luluj]

Thanks for clarification on your dates - am sure Ryan and his team will be able to help you ... contact him direct if you haven't already done so

[Flavour79]

Will you guys advise that I apply for a credit builder credit card that I will be accepted? And if so which one I should apply for?

[Foggy]

I applied for, and used, a Vanquis for a while ( still have it, just don't use it). It is a bit of a 'two edged sword' in that, everyone knows you have had problems if you have a credit builder on your files --- that said, people eith 'problems' are fast becoming the norm !