You can apply for a mortgage however as the IVA will remain on your credit file for a further period (6 years from the start date of it), you will find that it may be quite difficult to have one approved unless you have a hefty deposit and you use a whole of the market mortgage broker.
I recently got a mortgage but this was with a 50% mortgage and using a mortgage broker .....happy to share his details with you off forum so if you want his details say so and admin will email me your email address.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Hi - my IVA finished last July and I have recently been approved for a mortgage, with just a 29% deposit. I used a mortgage broker and the mortgage is with Northern Rock, standard high street mortgage, no problems with the IVA.
hi all, sorry to hijack, but i am wondering if anyone can tell me ..if the iva is paid off early does the iva still stay on your credit file for 6 years?
Agree - it's there for the full term. Once finished as well you need to check whether any defaults were registered after the date of acceptance and if so, write to the creditors to get them removed.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Thank you. Guess i will have to be prepared for a high interest and high deposit mortgage. Hope it will go down as the years pass or i suppose i could transfer to another lender.
