Will my ex partners IVA affect me getting a mortgage?

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emily510

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Post by emily510 » Thu Jul 11, 2019 9:51 am
hello. My ex partner entered into an IVA which also included our joint account and this is now affecting my credit score. I want to buy a house next year. I am paying off the overdraft on our joint account so I can close it but I need to know if I close it will my name be removed as association from the IVA? I am very concerned about this.

Thanks

Foggy

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Post by Foggy » Thu Jul 11, 2019 9:59 am
Speak to the lender and see how they are treating the account -- have they removed him from the agreement ? If so, and that debt is now in your name only, you can dissassociate yourself by writing to the credit reference agency through their website and have reference to him removed from your files.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Ryan

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Post by Ryan » Thu Jul 11, 2019 10:06 am
Agree with Foggy. Best to get a credit report for yourself as well to see what, if anything, is showing on there. We'd be happy to take a look at it for you.


Regards
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

Mortgagesteve

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Post by Mortgagesteve » Tue Jul 16, 2019 10:20 am
Hi Emily,
As you say the IVA is in his name, lenders will look at your credit profile from your credit report and then decide if they should lend to you.
I recommend Check My File initially as they have all three agencies that a lender would use so it is a good place to start to get an overview of your credit history. It maybe that once a lender has been found, you get copies of your credit file directly from the agency the lender uses to make absolutely sure your credit history is OK for that particular lender.
And closing the account will look good from a lenders perspective but it your credit history that is important.

Regards
Steve
Every thing comes to he who waits.

Ryan

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Post by Ryan » Tue Jul 16, 2019 10:25 am
Steve,

You don't seem to be listed as an Expert on the forum so you may want to seek advice as to if you can have links to your website on here or to actively seek business from here.

Regards
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

Foggy

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Post by Foggy » Tue Jul 16, 2019 11:25 am
Steve, I have deleted the invite in your post to chat with the poster, as you cannot solicit business. I am aware that you have asked about Expert status and, no doubt, you will be contacted in due course.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Mortgagesteve

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Post by Mortgagesteve » Tue Jul 16, 2019 12:14 pm
Tue Jul 16, 2019 11:25 amFoggy wrote:
Steve, I have deleted the invite in your post to chat with the poster, as you cannot solicit business. I am aware that you have asked about Expert status and, no doubt, you will be contacted in due course.
Hi Ryan & Foggy,
I have emailed Keith about the process to become an Expert and will refrain from posting until I hear from him.
Regards
Steve
Every thing comes to he who waits.
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