How long will I need to wait to get a new mortgage after IVA final sign off?

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by claireg945 » Fri May 05, 2017 6:18 pm
I started my IVA in Nov 2011, I made the last payment on my IVA in Jan 2017( so was over 6 year due to a 1 year extension as couldn't get equity from my current property) have final IVA sign off papers and lift off my current mortgage/home now. I wondered how long will I need to wait to get a new mortgage (as want to get a bigger property but not done anything about it with being in IVA). Many thanks :-)
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by Foggy » Fri May 05, 2017 6:39 pm
With a clear credit file you should be good to go. However, lenders all have different criteria and some will happily lend right away whilst a few will never lend to an ex-IVA'er !

I would advise haveing a chat with Ryan and / or Shaun, who are two whole of market brokers specialising in adverse credit applications. Their details can be found under the "Quick Links" tab ( top left) and then "The Team" on the drop down. Admittedly one or two forum mebers have literally walked into a High Street lender and got the mortgage themselves, but you have to remember that, if you get a couple of refusals at the beginning, each "No" will leave a stain on your sparklingly clean credit record and make refusals more likely from even the sympathetic lenders.
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by Ryan » Mon May 08, 2017 7:59 am
Hi Claire,

We would be only to happy to discuss your situation if you were to contact us.

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