I'm now looking at a mortgage and wonder if I need to disclose considering it doesnt appear to have been recorded anyway ,.
Also I need advise as to which approach,,, should I try a high street lender first.? I spoke to my bank ( Barclays ) and told them I'd been in an Iva and asked if I was wasting my time applying, they said as long as it's over 6 years, you can just apply.
Hope someone can advise me please
I would suggest a chat with Ryan and / or Shaun, both whole of market brokers with experience in adverse credit. Their details can be found under the "Quick Links" tab above (top left) then under "The Team" on the drop down,
Most Lenders do seem to have access to historic information so tend to know if you have been in an IVA previously.
Smoore wrote:Ok I appreciate that,. I will be in touch re mortgage advice in just concerned that as soon as Iva is mentioned,. It's followed by sub prime and then I'm priced out at the higher rates.
I hear that, even with mention of the IVA, both Ryan and Shaun have placed our members with very competitive rates. Lenders all vary -- the trick is knowing which horse to back for the particular conditions !
It's also important to keep the number of credit checks carried out against you to a minimum so best to avoid making multiple applications.
Be careful though as some Lenders agreements don't mean a great deal sadly, some Lenders don't even perform a credit check when they issue a Mortgage Agreement which is completely pointless.
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