Hi, I paid off my IVA with a full and final a few months back and have my compeltion certificate and I am slowly rebuilding my credit with a capital one credit card...
My question is when would I be able to start applying for a mortgage?
I'm afraid you will have to wait until your credit record is clear which will be six years from when it started.
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
Pobably not and if you did you'd find interest rates very high.
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
As Foggy says there may be a Specialist Lender willing to lend now if you have access to a large deposit (possibly 30% plus). Otherwise 3 years after your completion certificate was issued is the earliest that we may be able to obtain a 'normal' mortgage for you with a minimum 15% deposit. 6 years after the IVA began we can currently obtain mortgages under the Help to Buy scheme and with deposits as low as 5% with some High Street Lenders.
Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre
IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?
