I am planning ahead looking at hopefully buying somewhere in the next 18 months. My IVA is due to finish in June next year and will be in its 7th year after it was extended "under the discretion" of debt free direct. Still unsure of why they did this but got rather fed up of arguing with them. Im just wondering what I can do to maximise my chances of getting a mortgage when I'm ready. Im not going to have a massive deposit so I'm really concerned that this is just a dream that I won't be able to make reality. any advice would be appreciated.
No harm speaking to Ryan one of the forum brokers who specialises in helping to get mortgages for people with past ivas. He will be able to advise your best route over the coming months so you are ready once iva is finished. Ryan's contact details can be found under ask the expert or the members A-Z list. There is also Shaun who offers support too.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Hi Loud8233
Definitely worth looking at cleaning your credit files up once it is over 6yrs since registered. this link should explain more http://www.ivamortgageexpert.co.uk/upl/ ... ranIVA.pdf
I have helped many people in the same position so sure I can help.
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre
IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?
I was thinking the same (along the lines of a mortgage) I completed my IVA 18 months ago - however I am 48 so I believe I can only get a 20 year mortgage anyway - if Im lucky. ~saving up just in case
Thanks for all your replies. Ryan, can I clean up my credit rating if the iva is still active? It's been over six years but for some reason is still going. Ive been told now it will end in June 2016, just hope they don't extend it again. I pay my share every month and can only hope my ex husband is doing the same!! My deposit will be between 5-10% hopefully.
Hi
I would think this is something you can do now in preparation for next year but whenever you are ready.
The reports are normally free and at least you can then be ready for next year, as soon as you get the IVA completion certificate.
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre
IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Ryan
Hi Loud8233
Definitely worth looking at cleaning your credit files up once it is over 6yrs since registered. this link should explain more http://www.ivamortgageexpert.co.uk/upl/ ... ranIVA.pdf
I have helped many people in the same position so sure I can help.
Hi Ryan doesn't look like your link is working...?
I've just clicked on the link in his signature and that one is working.
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
will have a look on my laptop later as if may be because I'm using my mobile. Thanks for all your input