I'm in my 6th year of the IVA following failing to remortgage. I'm hoping once my IVA has completed that I may be able to remortgage with a high street lender.
I know this could be problematic but on talking to someone socially who works for Halifax has told me that the question about IVA/bankruptcy is now " Have you ever been made bankrupt in the last 6 years " as opposed to have you ever been made bankrupt.
She also said that Nat West also phrase the question in that way.
Is this a change of policy and does this mean post IVA that it would be easier to remortgage with these high street lenders
As you have never been bankrupt then you can truthfully answer that question 'No' but if it asks about an IVA as well then you will have to answer 'Yes'.
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
Some banks have been easier to deal with than others for a long time. However as Jan says you just have to answer the question honestly which is why it is worth using a specialist broker who knows the criteria of each lender.