Will a previous IVA affect a remortgage?

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Post by mark679 » Fri Feb 23, 2018 11:29 am
I entered into a 5 year IVA in October 2009 and received the completion certificate in February 2015. I am cash buying a reduced in value property in April 2018, completing some underpinning work and then looking to remortgage the property in November 2018. The property will worth around £95K by then so will be looking to get an £85K mortgage to pay back family who've lent us some money and complete the rest of the works needed for the house. Will the past IVA affect any of this plan?


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Post by Foggy » Fri Feb 23, 2018 12:09 pm
It will depend on which lenders youi approach and their own criteria regarding past IVAs. I would suggest a chat with either Ryan or Shaun, whose details can be found in the list on this link:


They are in yellow towards the bottom of the list.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/


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Post by Ryan » Fri Feb 23, 2018 12:34 pm
Hi Mark,

We'd be happy to look at your situation if you were to contact us.

Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed?

Contact me at http://www.ivamortgageexpert.co.uk or via the expert page

Shaun Vickery

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Post by Shaun Vickery » Fri Feb 23, 2018 12:48 pm
Hi Mark. It may affect your choice of lenders and limit your options in some areas but what you describe should be possible, depending on your other circumstances.
Highly Commended at the British Mortgage Awards. For individual mortgage advice go to http://clients.theselectpartnership.co.uk/
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