RE: Mortgage after an IVA.
Our IVA finished 2015 and the 6th year was in 2016... Making May this year 8 years since the start?
I read on a number of forums of people getting mortgages a year after their IVA and some whilst still in the final year? Our problem is, is that the ONLY way we can raise a deposit is through a loan or at worst a credit card. We have seen a mortgage advisor who has checked with a number of lenders and HSBC would have been fine with this but their rules recently changed and Santander would have been fine, only for it to fall through on exchange, as they don't accept ex IVA?
We have a good credit score and affordability. I am in full time employment £56660 basic salary with allocated Sundays taking it to between £62000 and £65000.
Is it the combination of a loan for a deposit and having had an IVA in the first place that is the stumbling block with any lender do you think? Many thanks...
In the meantime stop making further applications as they will damage your credit files. Have you physically checked your credit files to make sure they are squeaky clean ?
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