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funke

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Post by funke » Thu Nov 01, 2018 7:25 am
Hi foggy. I entered into an iva in 2015 May due to losing my job. I made a full and final payment last November. My husband and I have been speaking to a broker regarding getting a mortgage. My husband has negatives on his credit file. The broker is quite positive that we can use help to buy Wales as we have only a 5% deposit. I'd like your thoughts on this please

funke

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Post by funke » Thu Nov 01, 2018 7:43 am
funke wrote:
Hi foggy. I entered into an iva in 2015 May due to losing my job. I made a full and final payment last November. My husband and I have been speaking to a broker regarding getting a mortgage. My husband has no negatives on his credit file. The broker is quite positive that we can use help to buy Wales as we have only a 5% deposit. I'd like your thoughts on this please

kallis3

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Post by kallis3 » Thu Nov 01, 2018 8:29 am
Have you had a word with either of our resident mortgage experts, Shaun Vickery or Ryan Radford? Details can be found under the experts link.
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 Nov 01, 2018 9:13 am
Hi Funke. As Kallis has suggested I would err on the side of caution and have a word with Ryan and / or Shaun. I am not doubting the experience or expertise of your broker, but, from experience on this forum, many do not fully understand the implications of an IVA and I have seen applications fall at the last hurdle.

In your case you need to find a lender that is both happy to work within the Help To Buy framework as well as happy to entertain the IVA lurking in the wings.

Ryan's details can be gleaned from the links on his profile here: memberlist.php?mode=viewprofile&u=18488
And Shaun's can be found here: memberlist.php?mode=viewprofile&u=22837

Please let us know how you get on and best of luck.
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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