www.iva.co.uk

Our Iva started December 2017. We took a payment break due to maternity leave so our last payment is September 2023. When will it be off my credit file, September 2024 or December 2024. I’m trying to work out what I can do about a future mortgage, if it at all possible? Thanks in advance

Once you have received your completion letter it will disappear provided the six year anniversary of the start of your IVA has passed, so should be in March 2024 by my reckoning.

IVA started December 2017 -- so 6th anniversary will be December 2023.

Final payment September 2023. Completion certificate will take, say, three months, then up to three months for your entry on the Insolvency Register to be removed. After that a month or two for credit reference agencies to catch up. So, all things being equal, your files will show clear around March 2024.

Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record

Ok thanks so much.

Is there any links to anywhere that can give advice on when I can apply for a mortgage or am I best waiting until April 2024? Hoping for 10%

Sun Oct 17, 2021 7:05 pmAnxiousallthetime wrote:

Ok thanks so much.

Is there any links to anywhere that can give advice on when I can apply for a mortgage or am I best waiting until April 2024? Hoping for 10%

I would suggest a chat with a broker who specialises in helping those with adverse credit in the past. We have two who post here - Ryan and Shaun. Their details can be found in their profiles here :

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

It is possible to get a mortgage with a completed IVA showing on file, but they like a high deposit and will charge higher rates. You also have fewer lenders from which to choose. Once the IVA clears from your credit files you will have more lenders, offering better rates. A chat with Ryan or Shaun can give you an idea of what spade work to put in, in advance, to improve your chances.

Perfect, thank you so much!

I would highly recommend Ryan from The Mortgage Expert.
Ryan has helped us out over the last 12 years with our initial mortgage when our iva ended, and subsequent mortgages to support change in circumstances during the years.

memberlist.php?mode=viewprofile&u=18488

Hi Anxiousallthetime,

We are incredibly grateful that you took the time to leave your query here. Prior to giving you the relevant and applicable advise, we would require more information regarding the circumstances of your payment break.


Many thanks,
The Debt Movement Team.

Moderator edit: Link removed from post. Please do not share personal information unless your IVA is being conducted by Debt Movement

Hi, Anxiousallthetime, please do not send personal details unless you are, in fact, a client of Debt Movement UK as I have noted that you have not said that you are anywhere in your post.

Thanks Foggy, ive not got a clue who they are and they don’t refer to Ryan at all so was very confused!

I would not be giving details, as Foggy says, if you are nothing to do with them.

Definitely not related to Ryan's company.

If you are looking at a Right to Buy Mortgage and your IVA has completed, but your score is low because the arrangement is still showing on your credit files, I gather that Ryan (see posts above) now has access to a willing lender.

Definitely a route to go - Ryan and his team will guide you and support you in any way they can with this.