www.iva.co.uk

Hi
My final iva payment is due in august and I will be looking to get a mortgage as soon as possible after. I was interested in knowing how much I am likely to be able to borrow, how much of a deposit I will need and who might lend to me. Between myself and my wife we earn aroung £31500 a year please could someone help me.

Thanks

Hi Peter. Have a word with our resident expert, Ryan. You can find his details under the members tab at the top (just search for Ryan). He is a whole of market broker who can give good advice and has helped several forum members in the past.

Hi

As Foggy states use a whole of market mortgage broker, Ryan has a very good track record with helping people post IVA

Regards

Hi and welcome to the forum. Well done on almost finishing the IVA. Ryan could give you the information that you need so do have a word. All the best for securing that mortgage. x

Hi, you might have to wait until your iva falls off your credit rating, my iva finished in august but drops off in may.

TBH i resisting trying for any credit with exception to one card which has a min speed set, i just get a tank of petrol each month and pay it off the minute the bill comes through the door, its scary in 8 months ive gone from a £500 limit up to £5k from the recent bill. Would love to find a place to call my own but waiting and waiting, not long to go now!

antm that's a big increase isn't it.

Once I get my certificate of completion I will apply for a card and do the same in respect of fuel.

The poster could have a word with Ryan in preparation for when they are ready to proceed with the mortgage applicaton. x

I have let Ryan know about this thread.

I would be interested if ryan could contact me about what criteria for a mortgage? certainly would be nice to know how much deposit i would need, big save this year!

Whole of market means sub prime lenders that's a place you don't want to go really, unless you have to. Just Google mortgage whilst in an IVA it’ll give you deposits etc and for most it’s a non starter…Soooo

I would suggest that you make sure that all trace of your IVA has gone from your CR's check all three agencies

Only approach lenders who you did not default on, as you may still be on record with them

I am told that tarred loans and credit cards (sub prime and high % ones) are noted by regular high street lenders (not sure I believe it) and may affect how future lenders see you!

Some but not all lenders ask if you have ever entered into an arrangement with your creditors - the morale dilemma with no trace of your IVA say yes and blight yourself or say no and struggle with your conscience…!

Good luck I hope Ryan can help you

Sponge - your totally wrong about whole market brokers meaning - sub prime. They have the knowledge and benefit of knowing which lenders will ask about " post creditor arrangements" and the lenders not friendly to people who previously where in IVA

Antm ....contact Ryan via his details under the expert page on the left..he will respond once he receives your call or email...

Again ... Sponge -- you are totally wrong about whole of market being sub-prime.

It actually means they are not tied or contracted to particular lenders and are aware of what is available over the ---- get this --- whole of the market!

Apologies, Sponge -- re-reading that and it sounds a bit sarky and was written in good humour.

Hi Peter,

I have replied to your email, just waiting for you to respond.

As a note, Whole of Market means we are able to access all lenders in the mortgage market place, not only sub prime.

We have helped many members on this forum obtain mortgages who have previously had IVA's not only with sub prime lenders, but also with High Street banks.

My advice, if you need mortgage advice, come to the experts. We are happy to help all of you!

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by antm

Hi, you might have to wait until your iva falls off your credit rating, my iva finished in august but drops off in may.

TBH i resisting trying for any credit with exception to one card which has a min speed set, i just get a tank of petrol each month and pay it off the minute the bill comes through the door, its scary in 8 months ive gone from a £500 limit up to £5k from the recent bill. Would love to find a place to call my own but waiting and waiting, not long to go now!

Good attitude antm. Guess it horses for courses.