Should we tell

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dixie002

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Post by dixie002 » Mon Apr 04, 2016 8:51 pm
Hi please advise, we finished our IVA 100% iPad plus SI and fees approx 4 years ago. There is no record on experience etc. Do we still have to declare it if going for a new mortgage?? Thanks people
 
 

kallis3

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Post by kallis3 » Mon Apr 04, 2016 9:57 pm
Hi,

If you are asked the question then yes, you have to say yes.

If you need a mortgage then speak to either Ryan or Shaun (details under the expert link on the left hand side of the page) who have helped many a poster on here get a mortgage.
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
 
 

Foggy

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Post by Foggy » Mon Apr 04, 2016 10:02 pm
If they ask the question "Have you ever been in an IVA / made bankrupt / entered into an arrangement ... etc." you should answer yes.

Many have suggested on here before that they will probably not find out, and will probably do nothing if they do.

I know from experience that some have been caught out this way and the mortgage application declared fraudulent and mortgage facilities withdrawn leading to repossession.

At the end of the day it is down to your conscience and your need for a stress free life.

Personally I would be honest and I would use a specialist broker such as Ryan and / or Shaun, who both post on this forum.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

lifenoteasy

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Post by lifenoteasy » Tue Apr 05, 2016 5:56 am
A lot of people being added to this so far this year:

https://www.insolvencydirect.bis.gov.uk ... ry-new.asp
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

Lisa Thomas

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Post by Lisa Thomas » Tue Apr 05, 2016 9:20 am
It depends what they ask. Have you ever been in an IVA the answer is Yes. Are you in an IVA (or words to that effect) no...

Speak to Ryan or Shaun who are the mortgage experts on here. You don't want to damage your credit rating again inadvertently simply by shopping around.
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
 
 

Shining

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Post by Shining » Mon Apr 11, 2016 10:11 am
I'll always say honesty is the best policy but does depend on wording.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

gallifrey

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Post by gallifrey » Mon Apr 11, 2016 11:53 am
Always be honest with these things, I was advised before that if you do lie on a mortgage application then beyond the mortgage being withdrawn in certain jobs it could put your job at risk, for example police officers have been dismissed for this very thing and further to that you may end up with CIFAS / fraud marker on your credit file.
IVA agreed 14/02/2011
IVA settled 06/06/2013
Onwards and Upwards
 
 

kallis3

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Post by kallis3 » Mon Apr 11, 2016 1:07 pm
Not necessarily with police officers - I used to work with one who self certified (at the time when you could do that) and he was never found out.
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
 
 

gallifrey

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Post by gallifrey » Mon Apr 11, 2016 7:02 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by kallis3

Not necessarily with police officers - I used to work with one who self certified (at the time when you could do that) and he was never found out.
Believe me if he had been found out, he would have been sacked, there was a case the other year of an officer from GMP and certainly have seen a few in the Met sacked over the years plastered in notices for that very thing
IVA agreed 14/02/2011
IVA settled 06/06/2013
Onwards and Upwards
 
 

kallis3

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Post by kallis3 » Mon Apr 11, 2016 7:12 pm
I worked for the police and, even when the IVA was mentioned, there was never a threat of being sacked and, in fact, the force even sent out an email to everyone and suggested places to go to if they had financial problems.
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
 
 

gallifrey

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Post by gallifrey » Mon Apr 11, 2016 7:16 pm
No not sacked regarding an IVA, sacked regarding lying on a mortgage application , sorry think we got our wires crossed there. Lots of police officers have IVAs as long as they are declared there is no issue.

Dave
IVA agreed 14/02/2011
IVA settled 06/06/2013
Onwards and Upwards
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