Mortgage offer after IVA (within 6 years)

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Post by Lolaclare » Sat May 14, 2022 4:16 pm
I have reserved a new build house that is due to be ready Jan-Mar 2023 and am due to finish paying my IVA in July this year but it doesn't disappear from my credit report until September. I thought that we would be able to arrange a mortgage in September through a specialist broker, however I've just learned from the developer that the 'mortgage trigger date' is at the end of July. Can anyone advise me as to whether this will be a problem? Are there lenders who will offer a mortgage to someone who has finished their IVA but it isn't yet 6 years from the start date? If we do get an offer in July, I guess we can get another better one in September or closer to the time we actually need it. But will it be possible to get any offer in July with the IVA still on our credit reports?


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Post by Foggy » Sat May 14, 2022 4:33 pm
It is not impossible, but best left to those who know what they are talking about. We have two regular posters who are whole of market mortgage brokers with experience in adverse credit applications and I would suggest getting in touch with one or both to discuss options. They are Ryan Radford and Shaun Vickery. Their contact details can be found on their individual profile pages here:

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

Shaun: memberlist.php?mode=viewprofile&u=22837
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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Post by luluj » Thu May 19, 2022 1:04 am
Fully support Foggy's suggestive route. We used Ryan and his team and they have been excellent in identifying the right mortgage products for us over the years since our iva concluded
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