You should still be able to obtain a mortgage but the rate that you will be offered will be less competitive than if you were not subject to an IVA.
However if you successfully complete your IVA the record of it will not stay on your credit file forever, so it depends how long you were thinking of before applying for a mortgage (although some companies will specifically ask if you have been made bankrupt or entered into a formal agreement with your creditors in the past on the application).
Hope this helps
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.[:o)]
The fact you are in an IVA will be marked on your credit file and post IVA will be on your credit report for a period of 6 years from the start of your IVA.
You could find it difficult getting certain types of credit post IVA - is this a bad thing ???
You will be able to get a mortgage at slightly higher rates and will require a deposit of between 10-15% again subject to your IP's approval.
Was there any specific type of credit you were thinking of.
When dealing with a mortgage broker who specialises in adverse credit an IVA will not have a massive adverse effect on a mortgage application as long as it (the IVA) has been carried out satisfactorily.
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