Skip to content

Avatar
Log In
Please consider registering
Guest
Forum Scope


Match



Forum Options



Min search length: 3 characters / Max search length: 84 characters
Register Lost password?
sp_TopicIcon
Getting a mortgage after your IVA Completion
Avatar
Kramer
3 Posts
(Offline)
1
29/06/2021 - 5:00 pm

Hi,

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.

Avatar
157 Posts
(Offline)
2
29/06/2021 - 5:00 pm

Evening,

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….

Good luck

Forum Timezone: Europe/London
All RSSShow Stats
Top Posters:
jrlsmc890: 12
beepboopbeep: 12
Allison79mw: 11
walt46: 11
ashley_987: 10
Redpanther89: 9
nursek: 8
M_wannabe: 6
RussH: 6
ERG005: 6
Newest Members:
testls
paulgough
ThomasMoubs
Davidjohn753951
Tim453
joric
RelyServices5
RobertHep
ncubemp
Help2022
Forum Stats:
Groups: 1
Forums: 12
Topics: 156
Posts: 556

 

Member Stats:
Guest Posters: 0
Members: 411
Moderators: 5
Admins: 3
Most Users Ever Online: 207
Currently Online:
Guest(s) 3
Currently Browsing this Page:
1 Guest(s)

Read Our Latest Reviews

4.94 Stars - Based on 2377 User Reviews

Your home may be repossessed if you do not keep up repayments on your mortgage.