Looking for a mortgage advisor for people in IVAs

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

Rebeccadj62

User avatar
Posts: 1
Joined: Sun Sep 11, 2016 3:42 am
Post by Rebeccadj62 » Sun Sep 11, 2016 3:42 am
Quote
Hi who is the mortgage advisor for people in IVAs? We have a perfect IVA with no defaults in 3 years. We have a current mortgage with £80,000 remaining , house value £110,000. So £30k equality . Looking I put down £20k on a house of £180k, so £160k mortgage. I have spoken with my current lender natwest who can't help. Debt free direct are happy for the move if I can find a lender due to the house been 3 bed and having 2 children boy and a girl
Top
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Sun Sep 11, 2016 8:31 am
Quote
It is unlikely that a mortgage will be granted while your IVA is ongoing and on your credit files.
The forum has two mortgage brokers who have helped many people on the forum over the years. Look for Ryan or Shaun on this link ..
http://www.iva.co.uk/forum/forum_experts.asp
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"
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Sun Sep 11, 2016 11:07 am
Quote
I agree with luluj. A mortgage is very unlikely at this stage in your IVA journey. However a chat with Ryan or Shaun might help.
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 » Mon Sep 12, 2016 12:33 pm
Quote
Where is the £20k deposit coming from?
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
 
 

Ryan

User avatar
Industry Expert
Posts: 1167
Joined: Thu Nov 03, 2011 10:03 pm
Location: United Kingdom
Post by Ryan » Mon Sep 12, 2016 5:05 pm
Quote
Hi Rebeccadj62
This is not very easy to obtain, but it is possible.
You would need a 25% deposit though,
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
Top
Post Reply
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”