Just wondered if you would be able to answer a question? We had an IVA around 2 years ago, how long do we have to tell people we have had one as we are currently looking at moving house and was wondering if it would stop us from getting a bigger mortgage
It may depend on when the IVA commenced rather than finished as your credit file will be damaged for 6 years from commencement. When did the IVA start?
It may depend on when the IVA commenced rather than finished as your credit file will be damaged for 6 years from commencement. When did the IVA start?
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You should be fine but use a broker such as Shaun Vicory or Ryan whose details are in the experts section. They would have better knowledge of who you could use and hopefully it works out for you.
You will have to disclose the IVA irrespective of whether it still shows on your credit file, and the lender will certainly ask the question. So it's just a case of finding the most suitable lender for your circumstances. You will generally need to think along the lines of a minimum 15-20% deposit. Hope that helps?
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.
