I have completed my Iva early. Now struggling to find a new mortgage. Any help appreciated

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Dwoods123

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Post by Dwoods123 » Mon Mar 11, 2013 10:38 am
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I have completed my Iva early after just two years. I am currently working abroad and have a good income and deposit. I have sold my property and stuggling to find a new mortgate. Any help would be appreciated.
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plasticdaft

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Post by plasticdaft » Mon Mar 11, 2013 10:51 am
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The iva stays on file for 6 years from when it started so as long as its within the 6 years you will struggle to find a decent deal if any at all. Use a whole of market broker but expect to need a substantial deposit and pay a higher interest rate than those with good credit.

Even people with a couple of late payments who havent been declared insolvent are struggling to get new mortgages so the iva may well put most lenders off.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Shining

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Post by Shining » Mon Mar 11, 2013 2:56 pm
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did you complete with a full and final? as I know in December you were enquiring about finishing your IVA early. Well done on a quick turnaround. A lot are still waiting for their completion certificate.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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luluj

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Post by luluj » Mon Mar 11, 2013 6:29 pm
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We have a couple of forum experts who deal with mortgages for people with bad debt history...their details can be found on the left hand side under ask the experts. Ryan has successfully gained mortgages for a number of members in the last 12 months and comes highly recommended.
Last edited by luluj on Sun Mar 17, 2013 5:40 am, edited 1 time in total.
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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tonyranks

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Post by tonyranks » Sat Mar 16, 2013 11:49 pm
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credit files are messed up for 6 years finishing early doesnt help much, does help but your seen as a bad risk
time is always the answer, stay focus and you will reach the end all in good time
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