Hi there. We have completed our IVA after 21 months. Now looking for a mortgage.

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Carol.71

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Post by Carol.71 » Fri Jun 24, 2016 1:53 pm
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Hi there. We recently after a variation meeting were able to complete our IVA after 21 months. We have completion certificate from Stepchange. Please can you advise if there are lenders available that would consider us for a mortgage. We have seen a house for £110.000 that we would like to buy. Could you advise what percentage of deposit we would need to provide to be even considered by any lenders. Many thanks
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Lisa Thomas

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Post by Lisa Thomas » Fri Jun 24, 2016 2:27 pm
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Hi Carol have you come off the register yet? Has 6 years passed since the start of your IVA? Have you tidied up your credit rating?

Suggest you speak to Ryan or Shaun who are the mortgage experts on this forum and tick off the action points above.

You might find this quick video I made about cleaning up your credit record useful:

https://www.youtube.com/watch?v=PV4RzUY4BRM

Noddle and Clearscore are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/
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
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luluj

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Post by luluj » Mon Jun 27, 2016 5:59 pm
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The iva needs to be clear from your records with any defaults removed to.

Ryan or Shaun will be able to give you more specific prifessional advice
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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Ryan

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Post by Ryan » Tue Jun 28, 2016 4:08 pm
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Hi Carol,
I presume from the dates you are talking about that the IVA is still showing on your credit file.
As a guide you would need 30% deposit.
Is this possible?
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
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