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Posted: Thu Aug 14, 2014 12:12 pm
by Robert.87
back in 2011 I entered into an IVA with Santander for £300 it lasted 3months and is now paid off but now because of it I am not able to apply for a mortgage, apart from asking them to remove this from my credit report (which I have done) is there anything else I can try?
Posted: Thu Aug 14, 2014 1:05 pm
by flowerpot
Hi, not sure, but I'm in similar position to you, so will be keen to know what the experts say
Kind regards
Posted: Thu Aug 14, 2014 1:05 pm
by Foggy
Hi. This doesn't sound like an IVA ..more likely an informal arrangement to repay a debt. However, it has resulted in a default being registered, which will not be removed until 2017. If Santander do not remove it there is little you can do.
Posted: Thu Aug 14, 2014 6:05 pm
by luluj
Agree with foggy. .. you need to ascertain if it was an iva. .. If the debt was that small then unlikely.
Your credit record needs to be clear of all defaults and mention of non payments before any mortgage company will consider you for a mortgage.
We have two mortgage experts on the forum Ryan and Shaun whose details can be found on the left under ask the experts