Mortgage after iva

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1

clive695

User avatar
Posts: 1
Joined: Sun Jul 05, 2020 10:48 am

Post by clive695 » Sun Jul 05, 2020 10:48 am
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

Foggy

User avatar
Forum Expert
Posts: 30998
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sun Jul 05, 2020 11:10 am
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

Shaun Vickery

User avatar
Industry Expert
Posts: 914
Joined: Tue Feb 12, 2013 8:32 am
Location: United Kingdom

Post by Shaun Vickery » Mon Jul 06, 2020 9:08 am
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.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.

For individual, confidential mortgage advice see my details under the IVA Experts or go to http://clients.theselectpartnership.co.uk/
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”