Post IVA Mortgage Application

Vespasian

Hello, I completed my IVA over a year ago and am getting married in the summer.

Our next step is to get a new mortgage together, however, I'm concerned that, though debt free, my application will be affected by the IVA and also that my partner's credit rating will also be negatively affected by this.

Can anyone offer any advice on post IVA credit, especially regarding financial connections and mortgages?

V.

Mortgage_Mark_2

An historical IVA will cause a decline for many lenders, regardless of when it was and how much for. With others they wouldn't mind, provided it was declared on the application (lenders don't like finding things out on their own).

I'd suggest speaking with a broker with experience of adverse credit mortgages, since some intermediary-only lenders specialise in this situation, and with it being only a year ago this may well limit your options significantly, but there may be a solution depending on LTV and the rest of the case.