hello, I have six months left on my IVA(thanks god), we are currently renting a house for 900 pounds and our income is about 2600 per month. We really want to buy a house now, we can put together about 10% for deposit, my wife has excelent credit score and me too, if wasnt for the iva. Are there any posibilities out there for us to get a mortage at the moment? thank you
I'm afraid that you are unlikely to be able to get a mortgage at the moment.
Your IVA will remain on your record until 6 years have passed and you will need more than 10% deposit at the moment.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi, thank you for your answers, the deposit will come from family, suppose we just have to wait until the things change or until march 2012, that is when is six years from the start of the iva,
anyone now if one time everything is clean of your records (in six years time) you still have to say to the mortage adviser that you got an IVA?
hello, thanks for your answer when you say 6 years after you mean, 6 years from the day the IVA started or the IVA finish, Iam confused with that as I spoke with someone the another day that say to me 6 years after, but I always thought was 6 years from the start, then in my case I hope I Will be clean march 2012 as my IVA started march 2006, thanks for your support I find this forum so good a shame I didnt discover before