I'm a teacher and my IVA finishes In August. I have £15000 deposit from family member and looking to buy. My family member would be guarantor too if needed. Will I get a mortgage? Do Teachers Building Society give mortgages if you had IVA?
Not sure how the Teaching Building Society treat insolvency when it comes to lending after completion. Generally lenders are now requiring a borrower to be 3 years clear of the iva ie after completion before they wil consider a mortgage. A recent poster was 1 month away from the 3 years with a big deposit and could not get a mortgage, however one of the specialist brokers on this site got them a product within a few days of making contact I think. Look for Ryan or Shaun in the expert section on the forum.
Agree that you should speak to Ryan or Shaun - they are excellent.
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
