mortgage with iva on file

lucinda1

My partner and I are looking at moving home
We have a completed iva on our credit file it was completed 2 years ago and is due to come off our records June 2016
We have around £20,000 in equity in our current home and earn approx £40,000 a year between us

How likely are we to get a mortgage with a decent rate? Would we be better off staying here another year until the iva is removed from our files?

TIA
lucy

MNM2903

I'm no expert but me and my girlfriend are looking for a mortgage and while I earn better money we had to just go of her because I have a ccj on file and no one would touch us. Going off that I would say wait until it's off all together.

pmd123

lucinda1 wrote: »

My partner and I are looking at moving home
We have a completed iva on our credit file it was completed 2 years ago and is due to come off our records June 2016
We have around £20,000 in equity in our current home and earn approx £40,000 a year between us

How likely are we to get a mortgage with a decent rate? Would we be better off staying here another year until the iva is removed from our files?

TIA
lucy

Post the question on the mortgages and endowments section, and one of the mortgage brokers on there will advise you on the best way forward.

ilikewatch

Try speaking to one of the brokers who specialise in arranging mortgages for ex IVA customers - there's a couple who post on the iva.co.uk forums.

lucinda1

Thanks everyone
I have posted in the mortgage section, new to the forums so just finding my way around
i will also check out the iva.co.uk forums
thank you so much