Post IVA mortgage

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Post by mine » Sat Jan 05, 2019 4:12 pm
I did clear my IVA within two years after it started however my credit record is still very poor. My parents would like to give me some money to put down as a deposit for a house. However I have read so many reviews saying that banks would not lend money to people after IVA. Even though I cleared it apparently it will still be in my records for the next 5 years. I wonder if anyone knows what is the best way to tackle this, what do I need to do to increase me credit score and which lenders or brokers or bank I need to talk to. Many thanks.


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Post by Foggy » Sat Jan 05, 2019 4:14 pm
Your score will remain low until the IVA and the defaults all drop off, then it will increase overnight. However, your score means very little to a lender, in fact, they don't even see it. It is merely an indicator for you to guage your credit worthiness against others. Potential lenders see you history --- what you have borrowed has been safely within your means and that you have paid back loans as agreed.
When your IVA drops off and those defaults, your credit history will be effectively blank and most lenders will have a guess at why, So, you need to do two things: 1) build up a history and 2) approach the right lenders.
Might I suggest a chat with Ryan and / or Shaun. They are two whole of market brokers who post on here and have helped many ex-IVA'ers get mortgages at "High Street Rates".

Their details can be gleaned from their member profiles:

Ryan: memberlist.php?mode=viewprofile&u=18488
Shaun: memberlist.php?mode=viewprofile&u=22837

Also have a read here for credit clean up info: ... dit-record
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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Post by Radish » Sun Jan 06, 2019 8:58 am
From my experience I applied for a credit card with a low limit just to build my score up. The £800 became £41000 in less than 3 years. My credit score has gone through the roof in that time. I would say small steps.

Just to add a point. I have almost all of the amount available, the old me from 10 years ago would have booked a luxury all inclusive holiday with that credit, the me of today saves up for a budget trip with Ryanair with my own money..
IVA complete March 2014 after 6 years.


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Post by mine » Sun Jan 06, 2019 3:28 pm
Thank you very much for your replies. They are full of good information and give me a good start.


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Post by Ryan » Mon Jan 07, 2019 8:48 am
It will depend on the start date of the IVA, amount of deposit available etc. We are happy to advise on timescales etc.

Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed?

Contact me at or via the expert page

Lisa Thomas

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Post by Lisa Thomas » Mon Jan 07, 2019 9:52 am
You might find this quick video I made about cleaning up your credit record useful:
Noddle, Clearscore and Totally Money are also free credit agencies to consider using:
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: ... Z5k9ZcC2MA 01752 786800
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