Mortgage after iva

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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


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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.
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IVA Completed 23rd July 2013 .... C.C. 10th January 2014

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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.
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