Help to buy mortgage

8 posts Page 1 of 1
Post Reply

markbristol17

User avatar
Posts: 7
Joined: Wed Aug 05, 2009 2:50 pm
Location:
Post by markbristol17 » Mon Feb 26, 2018 7:59 pm
Quote
Hi all, entered IVA in 2009 and completed in 2014 with no issues. Credit file ever since I've built back up with no defaults etc etc.
Recently reserved a new build and the financial advisor didn't put my IVA on application with Santander. It's still at underwrite but expecting to decline as he has contacted them since and notified them about IVA and their policy seems flatly against ivas.
Now speaking to another broker who is sure he can get us sorted however £799 fee.
Anyone aware of any high street lenders that are likely to accept?
Thanks.
Top

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Mon Feb 26, 2018 8:31 pm
Quote
Most brokers have fees in there somewhere. I would suggest a chat with Ryan and / or Shaun as refusals in your search history will scupper your chances.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top

markbristol17

User avatar
Posts: 7
Joined: Wed Aug 05, 2009 2:50 pm
Location:
Post by markbristol17 » Mon Feb 26, 2018 8:33 pm
Quote
Thanks. Refusals don't show up only hard searches on application.
Top

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Tue Feb 27, 2018 9:16 am
Quote
markbristol17 wrote:
Thanks. Refusals don't show up only hard searches on application.

It is true that refusals, as such, do not show up -- but several recent hard searches will tell the same story --- you don't keep applying if you have been accepted !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top

Shaun Vickery

User avatar
Industry Expert
Posts: 940
Joined: Tue Feb 12, 2013 8:32 am
Location: United Kingdom
Post by Shaun Vickery » Thu Mar 01, 2018 10:29 am
Quote
Unfortunately the majority of mainstream mortgage brokers (I'm afraid to say often the inexperienced ones working with new builds) don't have a clue about placing specialist mortgages and Santander don't tend to be the most sympathetic either. If the other broker you are speaking to is a specialist he will probably more than save you his fee in the long-run. Personally I'd avoid one who wants significant money up-front and instead use one who charges only on success.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.

For individual, confidential mortgage advice see my details under the IVA Experts or go to http://clients.theselectpartnership.co.uk/
Top

Ryan

User avatar
Industry Expert
Posts: 1167
Joined: Thu Nov 03, 2011 10:03 pm
Location: United Kingdom
Post by Ryan » Thu Mar 01, 2018 10:51 am
Quote
Completely agree with Shaun on this.

Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?

Contact me at http://www.ivamortgageexpert.co.uk or via the expert page
Top

markbristol17

User avatar
Posts: 7
Joined: Wed Aug 05, 2009 2:50 pm
Location:
Post by markbristol17 » Wed Mar 07, 2018 8:14 pm
Quote
Ok so first broker was a waste of time and now 2nd broker has got us a mortgage offer today with Halifax. It was strange as Halifax website states have you been discharged from an IVA within 6yrs yet on the application and when you speak to them it's entered into so obviously that's no as I entered in 2009.
Bankruptcy search from solicitors is next hurdle. Will an IVA show here?
Top

FFDan

Posts: 1
Joined: Wed Apr 18, 2018 6:38 am
Post by FFDan » Wed Apr 18, 2018 6:39 am
Quote
Hi there. How did you get on in the end? I’m in the same position as yourself...
Top
Post Reply
8 posts Page 1 of 1
Return to “mortgages”