My husband settled his IVA in January as early settlement but mortgage application declined.

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1
Post Reply
 
 

Sara.90

User avatar
Posts: 1
Joined: Mon Jun 13, 2016 9:43 pm
Post by Sara.90 » Mon Jun 13, 2016 9:43 pm
Quote
My husband settled his IVA in January as early settlement we have been declined mortgages can anyone help
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Mon Jun 13, 2016 9:49 pm
Quote
Hi and welcome. An early settlement unfortunately,doesn't clear your credit files. An IVA will stay on your credit file for 6 years from date of acceptance (meeting date).

How early did your husband settle his IVA?
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77167
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Mon Jun 13, 2016 10:11 pm
Quote
Hi and welcome from me as well.

Agree with Lesley - you will not be able to get a mortgage at the moment.
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
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Tue Jun 14, 2016 9:38 am
Quote
You will not be considered for a mortgage for 6 years from the start of your IVA, after clearing up your credit files. Have a look here for that bit:

http://debtcamel.co.uk/repair-credit-record-iva/

When you are ready to apply, you will need the help of a whole of market broker experienced in adverse credit, such as Ryan or Shaun, who both post regularly on this forum. Some lenders are more amenable than others.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
 
 

Lisa Thomas

User avatar
Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am
Post by Lisa Thomas » Tue Jun 14, 2016 11:20 am
Quote
6 years has to have passed and you have to be off the register.

Ryan and Shaun are your best bet - you might have damaged your credit record further in making the application prematurely.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
Top
Post Reply
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”