Is there any hope of a mortgage whilst its still on my file ?

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Sharon2018

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Post by Sharon2018 » Thu Dec 04, 2014 3:31 pm
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My iva has just been agreed to be settled early with full and final offer from a 3rd party but will of course remain on my credit file. Is there any hope of a mortgage whilst its still on my file, what if I had a garauntor or could it be secured against parents home which is mortgage free, would this help? Is there any chance with a 10% deposit or do I need to sit it out until the 6 years have passed?
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Foggy

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Post by Foggy » Thu Dec 04, 2014 4:34 pm
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Hi Sharon. I would suggest a word with Ryan and / or Shaun, who are both whole of market brokers experienced in placing mortgages for ex-IVA'ers.

Their details can be found under the "Ask a Question" tab (top left) and scrolling down the page to the Experts Details Section.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Michael Peoples

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Post by Michael Peoples » Thu Dec 04, 2014 5:00 pm
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Not sure if it is possible but there may eb other options. For example your parents could borrow against their property and you could repay that mortgage rather than them becoming guarantors. Definitely have a word with Shaun or Ryan to see what options there are.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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