www.iva.co.uk

I have just had my full and final settlement agreed with Creditfix. Myself and my wife are looking to rent elsewhere due to a new job and wanted guidance on whether Estate Agents will accept us as tenants. Will there be a requirement to have 6 months rent upfront as well as a guarantor? We also wanted to know who would be the best person to speak to about mortgage application for the future

You can always speak to either Ryan or Shaun who are our resident mortgage experts. As to renting - private landlords are usually the best to try.

Your IVA will be on your credit files until 6 years from the start date and will make you fail a credit check. Some letting agents work around this with more rent upfront, larger deposit or a guarantor --- or a combination of these. It varies from agent to agent. As Kallis says, you are more likely to have better luck with a private landlord who might not credit check.

Regarding mortgages: Again you really need to wait out the 6 year mark and get together a reasonable deposit. We have two brokers on forum who have considerable experience in adverse credit applications and much success in placing mortgages for us ex-IVA'ers with reasonable rates.

Their details can be gleaned from their profiles here:

Ryan: memberlist.php?mode=viewprofile&u=18488
Shaun: memberlist.php?mode=viewprofile&u=22837

Hi, and thanks for the advice so far and will get in touch with Ryan / Shaun at some point this week regarding our circumstances.

Fingers crossed for your new job and good luck in getting on the property ladder.

Thank you very much. I am awaiting my completion certificate so I can send these to Call Credit, Equifax and Experian so they are notified that I have now paid and settled the IVA. Im actually going to have a good look at private landlords and see how I fair with them to start with and hope to get some clarity regarding mortgages for ex IVA ers.

Well done on getting this far! In terms of any mortgage application it can never do any harm to start preparing as early as possible - even if you aren't intending to but immediately. There's often a little bit of planning to do and, even if you wouldn't qualify immediately, at least you will have a good idea of where you need to get to. It always helps to have a plan!

Thanks for the responses, very much appreciated. I have kept in mind the recommendations. Have a good weekend.

Hope you have reci bed your compeltion certificate. Am looking to move out but needed compeltion certificate before move.

Good luck ashblock123

Carlos have you received your completion certificate yet wondered how long they where taking to issue the certificate at the moment.

I believe he has - don't know how long it took though.