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?
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.
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.
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.
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 !
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 ?
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.