Told we cannot get a mortgage anywhere post IVA. Is this correct ?

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Paul.ch

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Post by Paul.ch » Thu Sep 25, 2014 8:05 pm
We completed an IVA in December 2011. Our credit file is completely clear and Experian show us as having an excellent credit rating.We are about to apply for our first mortgage to purchase a shared ownership property, but when we were asked if we had ever had any CCJ's or defaulted on payments we admitted to the IVA 2006 -2011. They have now said they can not continue with our application as we will not be able to get a mortgage anywhere. Could someone please advise us if this is correct?
 
 

Foggy

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Post by Foggy » Thu Sep 25, 2014 8:34 pm
No this is not at all correct. We have two excellent whole of market brokers on forum who have placed quite a few mortgages to ex IVA'ers.

Go to the "Ask a Question" tab ( top left) then scroll down to experts details section -- you are looking for Ryan and / or Shaun
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

kazzafunk

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Post by kazzafunk » Thu Sep 25, 2014 8:57 pm
Hope you can sort this Paul. As Foggy has said many people have been helped by Ryan or Shaun
Kazza

Please visit my blog:
http://kazzafunk.blogs.iva.co.uk/

IVA completed 21/03/2012
 
 

luluj

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Post by luluj » Thu Sep 25, 2014 9:27 pm
Absolute not .... As others have mentioned Ryan and/or Shaun will be able to advise.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
 
 

Michael Peoples

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Post by Michael Peoples » Fri Sep 26, 2014 8:58 am
You should use a broker as they will know which lenders to approach and which to avoid.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

TzeKin

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Post by TzeKin » Fri Sep 26, 2014 10:46 am
Which bank is this that terminated the application....useful to know and avoid.

Why is this still happening? Hadicapped from loans for 'life' from banks.

'High Street banks=high street rates.'
So not nice to pay more than the other person.
Last edited by TzeKin on Fri Sep 26, 2014 10:49 am, edited 1 time in total.
 
 

ginger323232

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Post by ginger323232 » Fri Sep 26, 2014 10:54 am
RBS and Co-op are not keen on mortages for ex IVAs (well in my own case)
 
 

TzeKin

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Post by TzeKin » Fri Sep 26, 2014 1:28 pm
The co op bank rejecting ex iva applications ...now that is a surprise...the bank that was quick on the mark to offer Bank accounts to BRupt people.The first choice as a basic bank account for years.

RBS and Natwest are twinned so not surprised at their identical response.I will add HSBC.

That is 4 high street banks saying NO.I doubt any brokers can help with those banks.

Remember cheap prime mortgages can only only come from high street banks.No one else.
 
 

UpToMyNeckInIt

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Post by UpToMyNeckInIt » Fri Sep 26, 2014 7:38 pm
Not sure I agree that the high Street is the only place where the best prime rate mortgages are.

I've always used a broker, as they have always managed to beat the high Street deals.

Back when I was solvent, my particular Halifax fixed rate mortgage was only offered via intermediaries and was 0.3%apr cheaper than Halifax could offer me directly.

Next time I an in a position to remortgage, I will let a broker so all the leg work.
My opinions are just that: Based on my experience and being a self-employed IVA customer.
 
 

ginger323232

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Post by ginger323232 » Fri Sep 26, 2014 9:13 pm
I continue to use a broker - it saves the leg work, and if you up front and honest in your applications, it saves time and disappoinment.

I personaly used Ryans company in the past - this is after enquiries to both Co-op and RBS proved unsuccessful
 
 

Hair_bobbles

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Post by Hair_bobbles » Fri Sep 26, 2014 10:39 pm
I can recommend ryan Radford at zebra money centre - we've got a mortgage agreed in principle through his hard work. Mainstream lender on a normal fixed rate .
IVA COMPLETED & CLEAN CREDIT FILE.

An old bible proverb says this: the rich one rules the poor, and the borrower is a slave to the lender.

How true are those words of wisdom.
 
 

luluj

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Post by luluj » Fri Sep 26, 2014 11:52 pm
Give Ryan a call on Monday ...he's on leave until then...... he amd hus team have successfully helped dozens of forum members move house with new mortgages
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
 
 

Ryan

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Post by Ryan » Sun Sep 28, 2014 10:40 pm
Hi,
Will be happy to look at this for you tomorrow.
Please quote this post as a reference if you get in contact directly.
TzeKin,
we brokers, myself and Shaun have helped many posters on this forum obtain mortgages at high street rates, so can i ask you not be so negative about using a broker, we are here to help!
Unless you have personal experience of dealing with either of us that you would like to share?
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?

Contact me at http://www.ivamortgageexpert.co.uk or via the expert page
 
 

trina

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Post by trina » Sun Sep 28, 2014 10:49 pm
Hi

I am looking to go through the mortgage process very soon and have been in touch with Ryan, in fact I'll be speaking with him again tomorrow, Ryan has been more than helpful and I'm feeling very positive for the future.

I will post once the mortgage is in place.

Trina
 
 

luluj

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Post by luluj » Mon Sep 29, 2014 1:23 am
Good luck Trina ...your in safe hands with Ryan and his team.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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