I took out an IVA in March 2017. With the help of my parents I offered a full and final and it was accepted in Jan 2018 this year and certificate was sent 2 weeks later.
I am 26 & now have quite a lot of savings building up and in the next couple of years will be looking to get a joint mortgage with my partner. He has a great credit score & paid well.
Obviously I’d like to be on the mortgage but would this create issues?
My credit score seems to be improving but I know the IVA stays on file for a total of six year.
Has anyone in this position actually been able to get a mortgage with their partner? I’d like to know your experiences and any advice you have
Thank you in advance
And thank you again to all those that helped me during the IVA - you are superstars!!
Hi Chloe. It's possible but, in the short-term you would certainly need a reasonable deposit and expect to pay higher rates than you could perhaps obtain from the High Street lenders. The bottom line is that the longer time that subsides the better it is likely to become.