www.iva.co.uk

hi everyone my iva is finishing next month me and wife will have 60% deposit for our next house once v sell our current house im self employed with net profit of 10000 a year she earns about 7000 as an employee what chances do v have to get a mortgage and what rate should v expect ?? Thanx

Hi,

Don't forget that the IVA will remain on your credit record for six years after it started and will still be on the Insolvency Register for up to three months after the completion letter is received.

Speak to either Ryan or Shaun (resident mortgage experts on here) whose details can be found under the expert link on the left hand side of the page.

I agree, have a word with Ryan and / or Shaun, who are experienced in adverse credit applications. You will not get a mortgage until your credit files clear up, but can get an idea of the ground work you need to put in place first.

Here are the contact details for Ryan and Shaun:

http://www.iva.co.uk/forum/pop_profile. ... y&id=22837

http://www.iva.co.uk/forum/pop_profile. ... y&id=18488

You will need to get those credit files cleaned up prior to application but Ryan and/or Shaun will go through all that with you and hopefully within time you can move home.

Hi You need to wait until you have your CC and the 6 year mark has passed.

You have a sizable deposit so that bodes well. Hopefully the mortgage experts, Ryan or Shaun, will be able to help advise you but only they can tell you if you will be eligible to get a mortgage.

You might also like to tidy up your credit rating too.

You might find this quick video I made useful:

https://www.youtube.com/watch?v=PV4RzUY4BRM

Noddle and Clearscore are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/