I started my IVA in 2011 its been completed and finished since 2016 however, we are now 3 years post IVA and i am being told this could affect my application for a mortgage so my question is how do i get a mortgage??
My IVA no longer shows on my credit report I now have good credit everything paid and/or up to date but apparently most lenders ask the question “have you ever been insolvent or subject to a debt management plan” on their applications and i have to say yes ...
Any help appreciated. I appreciate its been a while since i completed my IVA but your help would be valued.
I started my IVA in 2011 its been completed and finished since 2016 however, we are now 3 years post IVA and i am being told this could affect my application for a mortgage so my question is how do i get a mortgage??
My IVA no longer shows on my credit report I now have good credit everything paid and/or up to date but apparently most lenders ask the question “have you ever been insolvent or subject to a debt management plan” on their applications and i have to say yes ...
Any help appreciated. I appreciate its been a while since i completed my IVA but your help would be valued.
It is basically down to each lenders own policies. Many will lend 6 years after the start of an IVA, some 6 years after the end and a few never !
I would suggest a chat with a whole of market broker with experience in adverse credit. We have two such who advise forum members and have helped quite few between them: Ryan and Shaun. Their contact details can be gleaned from their profile pages here:
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk