Mortgage advice

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rachael558

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Post by rachael558 » Sun May 23, 2021 8:39 pm
hi me and my husband have an iva but we are closing it through funds paid to date as my husband is ill can you tell me will we be able to get a mortgage after this ? we already have a mortgage but it runs out in 3 years its interst only mortgage want to change to repayment please advice asap please

WallE

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Post by WallE » Sun May 23, 2021 10:54 pm
I'm so sorry to hear of your husband's ill helath. You'll find it difficult to obtain a mortgage with the IVA still on your credit files, and it'll be on there for A period of six years from the date of approval even if it completes earlier than expected.

I'm no expert on mortgage issues, but there are a few members on here that are, so I would await their response.
I work for one of the UK's biggest Insolvency Practitioners. All posts I make are my own thoughts and/or opinion and are not the views of my employer. None of my posts constitute legal advice and should not be taken as such.

luluj

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Post by luluj » Mon May 24, 2021 3:28 am
Expert mortgage advice is required

The forum has a couple of experts who have supported those in ivas through the process of getting mortgages.

Contact Ryan and or Shaun

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Ryan

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Post by Ryan » Mon May 24, 2021 6:02 am
Hi rachael558
There are lenders open to you, even with the IVA still showing on your credit report. You will need to seek the help of a mortgage broker who knows how to deal with people in your position.
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

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