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Posted: Sat Jul 02, 2011 2:19 pm
by hughes2500
Has anyone had any success stories regarding getting a mortgage a year after they have finished their iva and if so who was the broker and how much deposit was needed? Please give me a bit of hope to cling to!
Posted: Sat Jul 02, 2011 2:28 pm
by kallis3
Hi and welcome to the forum.
One of our posters has managed to get a mortgage but she did have a 50% deposit!
I think you are going to need a decent size deposit before looking at a mortgage these days, regardless of whether or not you are in an IVA.
Posted: Sun Jul 03, 2011 1:57 am
by Broke of London
Only one poster that I know of has managed to secure a mortgage since the subprime market collapsed and she had a 50% deposit. Keep saving and waiting for lending policies to ease up. I'll be in the same boat too!!