I’ve just recently settled my IVA with a full and final proposal, as I was in my last year. A friend helped me with the settlement. It’s likely within the next 6-12 months I will have a deposit value of about 25% ltv. As my IVA was completed within its final year, the IVA will still show on my credit file until 2023. What is the likelihood of obtaining a mortgage before this time has passed? I have looked into credit builder credit cards to help kick start my credit history again. The mortgage would be for my partner and I, who’s credit is very good, however is self employed.
This certainly sounds like you are in the right area deposit wise.
When you come to the Summer it will be more prudent to have managed your core bank accounts well, rather than running a credit builder card
Being self employed is not an issue, but often the income declared and the manner declared provides additional challenges.
When completing an IVA it is essential you check your credit file and ensure all accounts accurately reflect their status and the dates matches….