I am currently going through a full and final payment process to end my IVA(IVA started in Dec 2013) and would like some advice around mortgages which I’m hoping someone can help me with. I have had a mortgage with Virgin money since March 2012. I would now like to buy a house with my partner. What are the chances of me being able to do this?
I'm afraid it's almost none until such time as your iva is off your credit report in 2019 or unless you have an exceptionally large deposit.
There are a couple of specialist mortgage brokers you can ask under ask the experts who have been able to help people out.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Afraid I have to agree - unless your partner can source a mortgage on his own then your credit record will be shot until 2019 regardless of whether you finish early or not.
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
Slim I think, sorry. Your credit rating will not be cleared until Dec 2018. I believe you need a big deposit to do this which I assume you won't have (based on the IVA). speak to Ryan or Shaun to see if they can help.
