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Bubbly

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Joined: Thu Nov 01, 2018 12:11 pm

Post by Bubbly » Thu Feb 17, 2022 5:38 pm
Hello

Me and my partner are looking to get a mortgage together in a couple years when my IVA has dropped off my file and I've rebuilt my credit but I'm nervous because although he knows I am in an IVA, he doesn't know the reason why. I was just wondering if I will get asked questions such as why I was in an IVA or will it just be a question of whether I have been in an IVA or not? I'm not sure of how much detail they go into. Thank you

Foggy

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Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Feb 17, 2022 6:00 pm
What you get asked will depend on which lender you approach. Remember that some lenders might refuse you outright, while some will lend easily right away and some will lend in 3 or 6 years time. Indeed, as I understand it, some might not even ask the question at all.

I would suggest a chat with a broker with experience with adverse credit. We have two such brokers who post regularly: Ryan and Shaun. Their contact details can be found on their profile pages and both will be happy to give you advice whether or not you go on to use their services.

Rofile pages are here:

Ryan: memberlist.php?mode=viewprofile&u=18488
Shaun: memberlist.php?mode=viewprofile&u=22837
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

luluj

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Post by luluj » Fri Feb 18, 2022 5:37 am
Agree that our experts will be a good starting point.

I used Ryan's company to get our mortgage after our iva was concluded, and they were non-judgemental and nothing but supportive. There weren't too many questions asked either, and they have continued to support us and renew our mortgage rates over the last 10 years.
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"

Bubbly

Posts: 35
Joined: Thu Nov 01, 2018 12:11 pm

Post by Bubbly » Fri Feb 18, 2022 8:04 am
Thanks both
.yss I think I'll use his company, won't be for a while yet though

So did they not go into some igics of why you entered an IVA or anything?

Bubbly

Posts: 35
Joined: Thu Nov 01, 2018 12:11 pm

Post by Bubbly » Fri Feb 18, 2022 11:15 am
Sorry I meant did they not go into specifics, my reply made no sense sorry

luluj

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Post by luluj » Sun Feb 27, 2022 3:59 am
They asked a few questions but nothing intrusive. They were very supportive and git the best deal at the time for us. We have continued to use Ryan's team for mortgages, insurances, pensions and our Will - They can refer you to some partners they work with.
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"
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