Do all banks have the same lending criterea when it comes to a remotgage for someone with an IVA past history.
I moved our bank account from Nationwide over to Barclays as the gave both my wife and I a full joint and 2 ISA accounts with a overdraft facility if needed.
They have even offered to sort out our credit cards (vanquis and Aqua as the are very high interest rates for a credit card with Barcleys but the are unable to offer a remortgage as the bank code of practice with Barcleys states 6 years from date of discharge before they can offer any products, are all banks like this.
I mentioned the part about Barcleys as they appear to be the only bank tbat will help but you do need your completion certificate.
No all banks have their only criteria - some banks include the Co-op and Virgin Account will not consider an application from an individual in a previous IVA (regardless on of time) ( previous experience). Banks also continually change their own criteria
Last edited by ginger323232 on Sat Jul 20, 2013 4:10 pm, edited 1 time in total.
Every lender has their own criteria regarding IVA's but 6 years from discharge is very common. The firm I work with are in constant dialogue with lenders and the press to challenge this criteria and have had some success with some of them. Ultimately the date the IVA was registered and discharged as well as the amount of equity you have in the property will be pivotal.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.
