Mortgage Application After IVA

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Sam5426

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Post by Sam5426 » Thu Jan 16, 2020 9:15 pm
Hi,

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.

Thank you

Sam

samantha836

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Post by samantha836 » Fri Jan 17, 2020 6:54 am
Hi,

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.

Thank you

Sam

Foggy

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Post by Foggy » Fri Jan 17, 2020 7:59 am
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:

Ryan: memberlist.php?mode=viewprofile&u=18488
Shaun: memberlist.php?mode=viewprofile&u=22837
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Ryan

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Post by Ryan » Mon Jan 20, 2020 2:22 pm
Hi Sam
Yes you do have to answer yes, but as the credit file si clear, we would still be able to obtain high street interest rates for you
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?

Contact me at http://www.ivamortgageexpert.co.uk or via the expert page

luluj

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Post by luluj » Tue Jan 21, 2020 5:51 pm
That's good new Sam from Ryan - hope it all works out for you
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

Sam5426

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Post by Sam5426 » Tue Jan 21, 2020 5:55 pm
Thanks all that’s really helpful!

kallis3

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Post by kallis3 » Tue Jan 21, 2020 6:54 pm
Good news!
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
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