Myself and my partner are looking to buy our first home. His credit rating is really good and mine on the other hand is really poor.
I have been in an Iva for the past 5 years which is due to finish on the 1st June.
We have a deposit of £12,500, both work full time and our combined income is approx £63k.
Ive been advised by another broker that no one will accept us for a mortgage application until the Iva is removed from my credit file next year. Is this the case? Or are there options for mortgages once I complete in June?
Hi, thanks for getting in contact.
We have helped people obtain a mortgage in similar circumstances therefore I don’t believe the IVA will stop you.
I expect either a standard mortgage or *Help to Buy mortgage will be possible depending on the finer details.
*subject to you being first time buyers