Loan possibilities once F&F accepted?

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stacey966

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Post by stacey966 » Sun Apr 25, 2021 9:32 am
Morning, We are currently in an IVA and have offered a Full and final, which we should hear the outcome on Tuesday 27th. We are completing early (been in IVA about a year and a half).

We are home owners and are wanting to do some home improvements which we would require a loan for. What are the chances of getting a unsecured or secured loan once when have got our completion certificate? Is there specialist lenders we should approach and what do you think our chances are after IVA completion.

Foggy

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Post by Foggy » Sun Apr 25, 2021 9:41 am
The IVA will blight your credit records for 6 years from the start date, but, at least, will shortly show as complete rather than active ---- doesn't help a lot, but does improve the situation a little.

Getting a loan, secured or otherwise, will depend on a myriad of things, not least of all the loan amount against security, if secured, and against I&E either way.

I would start with a chat with either Ryan and / or Shaun, who are both mortgage brokers with experience in handling applications for those of us with a IVA lurking in the shadows. Their details can be gleaned from their profile pages:

Shaun: memberlist.php?mode=viewprofile&u=22837
Ryan: memberlist.php?mode=viewprofile&u=18488
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
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