Applying for a mortgage

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Post by christopher319 » Mon Nov 16, 2020 10:50 am
Hi I have paid my IVA in one lump sum .CAN I apply for a rent to buy mortgage now as my IVA is cleared


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Post by Foggy » Mon Nov 16, 2020 11:01 am
Even with the IVA paid in a lump sum it will still sit on your credit files for 6 years from the start, limiting the lenders that will assist, however, being marked completed will help a little --- but you are going to need a large deposit. Buy to rent might make it a little harder.

I would suggest a chat with a whole of market broker with experience in adverse credit applications. We have two who are members of this forum: Ryan and Shaun. Their contact details can be found in their profiles 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
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