Iva and planning for mortgage

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Ebere123
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by Ebere123 » Sat Feb 02, 2019 1:18 pm
Hi

Quick question please
Currently in Iva due to drop off credit file in Oct 2020. Wanting to purchase house in future with partner for around £200000

Combined income £100000 per year so affordability not issue but what sort of deposit will be needed. Would I be able to access a 95% mortgage or not having previously been in a Iva?
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Foggy
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by Foggy » Sat Feb 02, 2019 1:32 pm
I would suggest a word with Ryan and / or Shaun, who are both whole of market brokers with experience in adverse credit and bot have helped many forum members with advice and mortgages.

Ryan: memberlist.php?mode=viewprofile&u=18488

Shaun: memberlist.php?mode=viewprofile&u=22837
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luluj
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by luluj » Sun Feb 03, 2019 6:04 am
Once iva is off your records a mortgage will be feasible... a deposit of around 10-20% will be great but you may get other options with less required, just depends on circumstances at the time.
Speak to Ryan and or Shaun for advise.
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Ryan
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by Ryan » Mon Feb 04, 2019 8:50 am
We've certainly managed to obtain 95% mortgages for others who have previously been in an IVA.

Regards
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