So I've just made the final payment on my IVA.. and now await my completion certificate..
Start Date; 23rd December 2013.
I now have a couple of concerns in relation to my credit report it shows as 2 of the creditors on my IVA as being defaulted in March 2017 & June 2017 respectively, despite them being part of my IVA. We are looking at getting a shared ownership mortgage around March/April next year & will be the full 6 years clear of the IVA start date in December 2019. I just don't want the dates of these defaults to affect our chances of getting one.. we are comfortably within affordability for a shared ownership mortgage, so now is the time for us to save a deposit until the end of the year. But I don't want that to be for nothing to be told we can't have one because of a default from the beginning of the IVA with the wrong date..
Can anyone help with what we do in this situation?
Once you get that completion letter then set about checking your credit rating.
You can also have a chat with Ryan and Shaun who are our resident mortgage experts.
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
Once you've had the default dates amended and you are 6 years after the IVA start date - so from December this year - we have access to High Street Lenders who will look to lend on Shared Ownership properties.
IVA Mortgage Expert
Zebra Money Centre