www.iva.co.uk

Sorry if this has been said before.
I completed my iva last year and am looking for a mortgage. Does anyone have any experience about obtaining a mortgage after completing an iva? Just worried as my partner expects it to be ok but I'm not so sure.
My iva leaves my credit file next week but have heard it still effects you up to 6 years from iva completion.
Any help much appreciated!

It stays on record for 6 years from the date off acceptance. However, do check that no defaults were recorded after that date.
You should be able to find a mortgage if you shop around but you MAY need quite a big deposit.

Thanks Lisa.
No defaults are on my file now. Only negative is my iva which will have left this time next week. I have a couple of positive accounts on my file.
Just heard mortgage companies can see information about ivas further back than the 6 years!

Hi - it is tough to get a mortgage and even if you are successful you will need a whacking great deposit and may be penalised on the rate. There have been posters who have been told to wait six years from completion, but others have been lucky. Speak to a whole Market broker who will have an understanding of all the mortgages and lenders. Best of luck xx

If you email me separately I will give you details of our broker who may be able to help

Luluj,
Thanks for the reply. I can't find how to email you separately?

I'm sure jan will wave her magic wand and make it happen later on x

I will do Luluj - I'll pass your email on to dongledoo. Leave it with me!

I've emailed both of you - hope you can get something sorted out.

Dongledo - check your spam mail just in case it's gone there as it's from a hotmail address.

Thanks kallis

No problem!

While on the mortgage topic does anyone have any experience of getting a mortgage to move to something else? i have a current mortgage but just thinking ahead as my house is very tiny and in time I am going to need to move as my family grows?

I think you'll have a problem unless you can port your mortgage to another property.

Danieln - when your "port your mortgage" - you ARE NOT moving it - just moving the interest rate and conditions - it tends to work when you are in a fixed rate.
It tends to work better when you reducing the size of your mortgage amount - as you only have to pay a partial early redemption fee

However as a mortgage is secured on a property - you have to apply in the normal way and have the property inspected(as normal)

just thinking if say in 5 years time I decided to move and current propery was worth 200k with mortgage of say £175k... Then new property of £230k, the mortgage would need to rise by some, just wondered if this is something the mortgage provider would entertain?