Advice on house purchase options

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1

chloe934

User avatar
Posts: 2
Joined: Sat Aug 08, 2020 3:03 pm

Post by chloe934 » Sat Aug 08, 2020 3:03 pm
Hi,

I completed an IVA in November 2019 (After only having it for 5 months but that is another story)

I am now wanting to buy a house with my partner.

Is this even possible? If it is possible am I look at the likes of 30% deposits+?
Can I use help to buy?
Is shared ownership a possibility?

Any advice would be greatly appreciated.

Foggy

User avatar
Forum Expert
Posts: 31265
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Aug 08, 2020 3:19 pm
The IVA is going to sit on your credit files for the next 5 years, regardless of early closure. This will make it harder, and more expensive, though not impossible to get a mortgage.

You need to speak to a whole of market broker with experience in adverse credit, such as Ryam, from Zebra Money, or Shaun from the Select Group. Both of them post here and both have assisted many forum members to obtain lending.

Their details can be gleaned from their profile pages here:

Ryan: memberlist.php?mode=viewprofile&u=18488
Shaun: memberlist.php?mode=viewprofile&u=22837
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

chloe934

User avatar
Posts: 2
Joined: Sat Aug 08, 2020 3:03 pm

Post by chloe934 » Sat Aug 08, 2020 3:34 pm
Thank you very much.
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”