www.iva.co.uk

Ok, so I started an IVA in OCT 2006 which was settled early around September 2009. I know that this will still remain on my credit file until OCT 2011 despite being settled early.

My partner and I are now looking to get on to the housing market. Her credit history is perfect, mine is obviously less than perfect. I have searched online and a lot of Mortgage Brokers claim to be able to help with adverse credit situation including IVA etc but the few I have spoken to have said that they are unable to help.

My question is does anyone know just how likely it is for us to get a joint mortgage or indeed is it possible? and if so how?

I really hope so, as i plan to buy somewhere a few years after my iva, i dread to think i wouldn't be able to get a mortgage, i know i will need a big deposit thats why i plan to continue saving the same amount i put into my iva for a few years after. If i survived 60 months whats a few more for my future home.

antm wrote:

I really hope so, as i plan to buy somewhere a few years after my iva, i dread to think i wouldn't be able to get a mortgage, i know i will need a big deposit thats why i plan to continue saving the same amount i put into my iva for a few years after. If i survived 60 months whats a few more for my future home.

I'm sure a few years after the IVA is finished (or was due to finish in my case) then it shouldn't be too much of problem. But my problem is that the IVA wasn't due to complete until 2011 and stays on file until 2012.

I think you are probably going to have to wait until it drops off. If you can find someone, the interest rates will be a lot higher and you will need a hefty deposit.