In reality once the bankruptcy is over or the IVA completed which makes it easier to obtain a mortgage. In credit terms does which course you took affect future mortgage chances.
Hey credit allergy, They are both as bad but as Skippy mentioned the other day, you will have to mention if you have gone bankrupt if asked. Your credit rating won't be that good anyway but lots of people who have gone BR or in IVAs have managed to get mortgages.
I personally feel that some lenders are more prejudiced against former bankrupts than people who have attempted to repay their creditors, but have also seen many ex-bankrupts eventually get very competitive mortgage rates in the past.
