Mortgage after iva

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clive695

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Post by clive695 » Sun Jul 05, 2020 10:48 am
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hi i have just finished paying off my IVA can i get a mortgage or do i have to wait till its cleared of my credit file
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Foggy

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Post by Foggy » Sun Jul 05, 2020 11:10 am
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You are unlikely to get a mortgage while the IVA is on your credit file.
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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Shaun Vickery

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Post by Shaun Vickery » Mon Jul 06, 2020 9:08 am
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Hello Clive. It won't stop you getting a mortgage per se, and it will depend on a number of other factors - when the IVA was registered, your income etc. Whilst it remains on your credit file you would be likely to have to pay somewhat of a premium though - think in terms of interest rates of at least 3% above the norm. Once the IVA has disappeared from your credit file this will, all things being equal, open up more and more competitive options.
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