Mortgage?

[andym]

I have recently (as in today) accepted a new job and am moving to Manchester. I am hoperful that my F&F will be agreed on Monday and so at that point my IVA will end (once I have sent the F&F I mean)?

So looking at properties in Macchester possibly for purchase would work about 3.5 times my current salary. But the question I have is will I be able to get a mortgage? I am about 3.5 years into my IVA. But have no savings or anything of course.

Would a normal bank touch me?
Would a sub-prime need deposits?

Is it even possible to get a 100% mortgage after an IVA?

I thank you for any possible advice you can offer

[MelanieGiles]

Hi there Andy

You will not get a 100% mortgage having just completed an IVA. At best, I feel you might squeeze 90%, but you ought to take independent mortgage advice from a broker who specialises in such products. This could be academic if you have no savings.

Are there any family members who could help you with a deposit?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[andym]

Thanks for the advice
I pretty much thought it would be as you said. I will seek out some advice and see what happens