Mortgage doubts. What happens when iva finishes?

Get expert opinion. This is the place for new questions to be posted.
6 posts Page 1 of 1
User avatar
sam938
Posts: 1
by sam938 » Thu May 11, 2017 3:17 am
Hi i fin my iva in jan 2018 and am wondering if this would ever stop me getting a mortgage if i started saving when i have paid off iva i am only 29 years old
User avatar
Foggy
Forum Expert
Posts: 24117
Contact
by Foggy » Thu May 11, 2017 6:51 am
Hi. No it won't stop you getting a mortgage. Many of us have got mortgages as soon as the credit files have cleared ..... but the help of a broker is a good idea.
Some lenders will consider you right away, some will never consider you ... you need to approach the right ones.
User avatar
Ryan
Industry Expert
Posts: 675
Contact
by Ryan » Thu May 11, 2017 7:30 am
Hi Sam,

If you were to contact us we would be happy to discuss your situation.

Regards
User avatar
luluj
Forum Expert
Posts: 9867
Contact
by luluj » Thu May 11, 2017 9:44 am
I am living proof that through the use of a expert broker I have gained a mortgage after my iva.
Ryan and his team were able to identify suitable mortgage products to get us back on the housing ladder - everyone is different with their unique set of circumstances but using a broker takes away the pressure somewhat.
User avatar
Lisa Thomas
Industry Expert
Posts: 6020
Contact
by Lisa Thomas » Fri May 12, 2017 8:20 am
Unlikely it will stop you. Once your IVA is finished, you have your CC and have come off the register and 6 years since the start of your IVA has passed you should be able to tidy up your credit history.

You might find this quick video I made about cleaning up your credit record useful:

https://www.youtube.com/watch?v=PV4RzUY4BRM

Noddle and Clearscore are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/
User avatar
kallis3
Forum Expert
Posts: 72032
Contact
by kallis3 » Fri May 12, 2017 8:23 am
I agree with luluj- contact Ryan or Shaun for some advice.
6 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: Google [Bot] and 20 guests