Mortgages and my IVA

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susie451

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Post by susie451 » Sun Jan 12, 2020 4:59 pm
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Would I be able to get a mortgage on a shared ownership property whilst I’m still in an Iva?, I have seen a house I can afford each month aswell as paying my Iva off !, my Iva should end next year but I saw a property yesterday and really like it just need advice if I could get a mortgage on it
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Foggy

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Post by Foggy » Sun Jan 12, 2020 5:12 pm
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I really doubt it. The lenders wouldn't be too keen, nor would your IP.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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kallis3

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Post by kallis3 » Sun Jan 12, 2020 5:42 pm
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I agree with Foggy - hang on until the end of your IVA.
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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luluj

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Post by luluj » Mon Jan 13, 2020 2:56 am
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As others have said it will be doubtful.

I would suggest a conversation with Ryan from Zebra and or Shaun our forum mortgage experts who have helped hundreds of members with differing circumstances gain mortgages.

Their contact details can be found in ask the expert section via this link

forum-experts.php
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"
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Lisa Thomas

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Post by Lisa Thomas » Mon Jan 13, 2020 9:32 am
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Almost definitely not.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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Ryan

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Post by Ryan » Mon Jan 13, 2020 1:57 pm
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Hi susie451
Unfortunately there are no lenders who will offer a Shared Ownership mortgage whilst the IVA is still showing on your credit file. Once it is over 6yrs and off the credit file, i am sure this could be sorted for you. Happy to help in future if you would like to get in touch directly.
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
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