Getting a mortgage after an IVA

timberflake

My girlfriend and I are in the process of saving a deposit for a house, but I have previously been in an IVA which is now completed and dropped off my credit profile just over 2 years ago.

Is the fact that I was in an IVA going to affect our chances of getting a mortgage with a decent interest rate? Or will it not be an issue as it's no longer on my credit profile?

ACG

It wont be easy.
There will be lenders who will consider it but rates are unlikely to be market leading (although not astranomical).

I would get all 3 credit reports down to a broker.

danielanthony

I had an IVA and have had mortgages from ING, Britannia and Halifax over the last 6 years. My IVA started in 2003 and finished in 2008, cleaned up my credit files and in 2009 got my first mortgage at 90% LTV @ 5% with Britannia.

So yes, it is possible.