Hi Welsh boy,

[hally2004]

Hi Welsh boy, I wondered if i could pick your brains about the bad credit mortgage market.

My husband and I entered into an IVA back in DECember 2004 which was completed early in August 2007 via a full and Final Lump sum settlement. We are looking to get a mortgage and would like to know the realistic LTV and Interest rates. We still both have defaults registered on our credit files from the iva, but we were told today some lenders will consider you if your defaults are over 3 years old?

Thanks for your help.

[Welsh Boy]

Hello Hally

The best advice I could offer is to contact a broker and give them permission to do a search on yourselves,they will ask for more personal information on you and only by doing so will they ascertain what is available with regrad to ltv and rate. A further point some lenders ignore defaults altogether. Best of luck.Tony

[hally2004]

Hi Tony, Thanks for getting back to me.

Is there any Brokers you would recommend?

Also, Six years from the commencement of the IVA is when this information is permanently removed from your credit file? or will there always be evidence of the IVA to protential lenders?

Thanks again,Sarah

[MelanieGiles]

I would definately recommend Tony Parsons - unfotunately he is not allowed to recommend himself!

[Shining]

and I will second that recommendation personally