How soon can I apply for a mortgage?

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lee778

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Post by lee778 » Mon Jun 15, 2020 1:07 pm
Hi
I get my certificate for finishing my Iva in about 3 weeks (hopefully ) I would like to no how soon can I apply for a mortgage , I should have about 60% deposit . Be grateful for any information on this subject.
Many thanks

Foggy

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Post by Foggy » Mon Jun 15, 2020 1:41 pm
Once you get the certificate, then the IVA is officially closed and you can try for a mortgage. However, your chances will be far better if you wait until your credit file clears (around 6 years from the IVA start ) and all defaults have gone. Even then you will be limited by lenders criteria --- some will lend right away, some will want to wait 3 or 6 years and some will never lend !

Do not make a 'scattergun' range of applications as refusals will deter other lenders from even looking at you!

You would be wise to consider the services of a broker with experience in adverse credit.
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

Shaun Vickery

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Post by Shaun Vickery » Mon Jun 15, 2020 2:50 pm
Hi Lee. Firstly congratulations on completing your IVA. In terms of a new mortgage, with a good deposit as you have, there may be some opportunities for you but it will also depend on your other circumstances. Some Specialist Advisers like us also have access to products that aren't generally available. As Foggy say, once the IVA disappears from your credit file (6 years from start as long as it is settled) there may be even more, and even more competitive products for you.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.

For individual, confidential mortgage advice see my details under the IVA Experts or go to http://clients.theselectpartnership.co.uk/

luluj

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Post by luluj » Mon Jun 15, 2020 6:50 pm
Well done on completion and now being at the starting point to get on the property ladder with a new mortgage.

I have personal experience of using Zebra Money (Ryan), and know others on the forum have too, but likewise know that Shaun has helped many too.

Use the services of a broker with the whole of the mortgage experience so that you get the best support possible.
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"

Ryan

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Post by Ryan » Mon Jun 15, 2020 10:54 pm
Well done on getting through it, i am sure it was not easy!
As Shaun, Luluj and Foggy say, please do not try and do this on your own, seek the help of a professional, i am sure they will offer you much more success.
Best of luck with it all!
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

lee778

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Post by lee778 » Tue Jun 16, 2020 4:50 am
Many thanks for all your advice and information it has made my situation a lot clearer . When I get my certificate looks like I shall be in touch with zebra money and take it from there . 👍

Ryan

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Post by Ryan » Wed Jun 17, 2020 8:43 pm
Hi lee778
Would be happy to talk things through with you now, just so we get everything ready if this suits you?
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

lee778

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Post by lee778 » Thu Jun 18, 2020 4:55 am
Hi Ryan
Would it be possible to contact you today about 1 ?? What is the best way is it through your website .
Thanks lee

Ryan

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Post by Ryan » Thu Jun 18, 2020 7:33 am
Morning
Sorry i cannot do 1pm today, i am free around 5pm or i can do from 12pm all afternoon tomorrow
Send an email with your contact number to the ryan@the-me.co.uk and i will call you
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
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