www.iva.co.uk

Hi, I took out an IVA in June 2011. I offered a f & f which was accepted so my IVA finishes early. It will officially come off my credit file in June 2017. I am in the process of improving my score and have been accepted for a normal credit card with a low Apr. I have a mortgage and have approx 60k in equity. I would like to know if anybody has managed to get a mortgage before the iva has come off their credit record. Or do I need to wait for the 6 years to pass? Looking to move to a another property as we need more room.

You really need to wait until your credit record clears and then use a whole of market broker experienced in adverse credit. Lenders all have different views towards IVA's and approaching the wrong ones can do more damage.

Speak to Ryan or Shaun on the forum who are the mortgage experts.

It hinges around a question of have you ever been in an IVA..(i said no with the big high street lender) and have a very decent fixed rate one to boot. I see it's none of the banks business and you don't need to tell them. The reason is in law written into statute after six years all trace of the debt has to be removed. It as if it had never existed to give you a fresh start hence it's gone from your credit record. There are a few of the strange on here have clocked them into some less than ideal mortgages let say cos they said yes. They dislike these sort of posts...it's called mortgage envy. Never let your old IVA hold you back - rejoin society- I did. Even the brokers won't want any trace of your IVA showing like foggy says wait until it's gone

My Iva came off record May 2016 and im currently saving for a deposit to move. Never thought of not declaring the Iva but like you say, if its been over 6 yrs and not showing, then why tell them? Can they really not find out?

some on here would have you believe so but I put my faith in statute the highest law in the land. And there have been many old posters who've got regular mortgages. But to be fair I think the brokers probably can help they just get round the question (they don't say yest that's for sure) I've read a lenders mortgage rules (new 2011) even entering an IVA they can make you sell but not for the reasons of the IVA itself, you'd just not better be a creditor of the said bank or your chips

Speak to Ryan ...if you have a good deposit he may know a way of helping you now

In my opinion once it's wiped you are within your rights to say "no" to a direct question asking if you've ever been in an IVA.

That's how it was explained to me.

However, opinion varies on this point!

Have you 'ever' means just that 'ever' .... your right interptetations differ but for me I couldn't not tell as would be too ashamed if it came back to bite !

There is also a declaration on a mortgage form - signing to say the information is correct.
Obviously if you enter incorrect information - then you have to accept the consequence of this

https://ico.org.uk/for-organisations/gu ... retention/

It'd you're in doubt seek legal advice before doing anything.

Or use a broker like the gentlemen already mentioned who who'll know which lenders have which criteria.

Best of luck!

My understanding is if you purposely withold informaiton you could be committing mortgage fraud. It all depends on the exact terminology being used.

As Luluj says if you are asked if you have ever been in an IVA the answer is yes. If it's are you in an IVA the answers is no.

Totally agree - you should be upfront about having been in an IVA if you have - I could never lie on an application form.