Can I get a mortgage after IVA completion

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Flavour79

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Post by Flavour79 » Thu Feb 20, 2020 11:23 am
Hi All

Just enquiring whether I can get a mortgage now with high street lender after receiving completion certificate even though defaults fall off my credit file in September this year?
Am looking at help to buy .

Thanks

kallis3

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Post by kallis3 » Thu Feb 20, 2020 11:37 am
Have a word with either Sean or Ryan - our resident mortgage experts - details under the experts link on the left hand side of the page.
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

Foggy

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Post by Foggy » Thu Feb 20, 2020 11:52 am
Both Shaun and Ryan have vast experience of placing mortgages for ex-IVA'ers --- however, the chances are far better once you have a clear record --- and interest rates far more attractive. You are already limiting your choices with HtB, so I would say it would be better to wait out the few months to get more choice --- but Ryan and Shaun are the ones better placed to advise.

You can get their contact details from 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
http://foggy.blogs.iva.co.uk

Flavour79

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Post by Flavour79 » Thu Feb 20, 2020 12:35 pm
Thanks

luluj

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Post by luluj » Fri Feb 21, 2020 6:26 am
Echo thoughts of others - our mortgage experts Ryan and Shaun have helped hundreds over the years achieve a mortgage after their iva.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

Flavour79

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Joined: Fri Mar 03, 2017 10:28 pm

Post by Flavour79 » Tue Feb 25, 2020 4:14 pm
Whilst on this subject can my bank account be changed / Upgraded now the IVA is completed or I have to wait for the defaults to fall off my file inn September??

Foggy

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Post by Foggy » Tue Feb 25, 2020 4:28 pm
Tue Feb 25, 2020 4:14 pmFlavour79 wrote:
Whilst on this subject can my bank account be changed / Upgraded now the IVA is completed or I have to wait for the defaults to fall off my file inn September??
My bank (Co-Op) waited until the credit file cleared, then offered me a credit card at the same time !
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

kallis3

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Post by kallis3 » Tue Feb 25, 2020 5:31 pm
Same with Nationwide - we got a full account plus credit cards.
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

Flavour79

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Post by Flavour79 » Tue Feb 25, 2020 5:43 pm
Thanks. Will sit tight and wait then.

Ryan

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Post by Ryan » Wed Feb 26, 2020 9:09 am
Hi Flavour69,
There is something wrong here, if you have Defaults dated after the date you went in to an IVA, these need to be amended.
What date did your IVA start?
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed?

Contact me at http://www.ivamortgageexpert.co.uk or via the expert page

Flavour79

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Joined: Fri Mar 03, 2017 10:28 pm

Post by Flavour79 » Wed Feb 26, 2020 9:21 pm
Wed Feb 26, 2020 9:09 amRyan wrote:
Hi Flavour69,
There is something wrong here, if you have Defaults dated after the date you went in to an IVA, these need to be amended.
What date did your IVA start?
Hi Ryan

I contacted all the creditors in question between August 2019 and September 2019 to amend their records.
On my credit file now the default date of the accounts are showing at 09/09/14 which is the date I entered into the IVA. So in turn my 6th Anniversary will be 09/09/20.

Flavour79

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Joined: Fri Mar 03, 2017 10:28 pm

Post by Flavour79 » Wed Feb 26, 2020 9:26 pm
I want to get a mortagage this September so I want to start the preparation work now so come the 9th September when I check my credit file and all the defaults have fallen off I can put in an application for DIP

luluj

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Post by luluj » Thu Feb 27, 2020 5:47 am
Thanks for clarification on your dates - am sure Ryan and his team will be able to help you ... contact him direct if you haven't already done so
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

Flavour79

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Joined: Fri Mar 03, 2017 10:28 pm

Post by Flavour79 » Thu Feb 27, 2020 10:08 am
Will you guys advise that I apply for a credit builder credit card that I will be accepted? And if so which one I should apply for?

Foggy

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Post by Foggy » Thu Feb 27, 2020 10:19 am
I applied for, and used, a Vanquis for a while ( still have it, just don't use it). It is a bit of a 'two edged sword' in that, everyone knows you have had problems if you have a credit builder on your files --- that said, people eith 'problems' are fast becoming the norm !
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
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