Credit file - 6 years after IVA completion

Peenutbutter

Hi all,

My husband is a couple of weeks away from his 6 year anniversary of the start of his IVA.
We checked his credit files yesterday and although most were showing satisfied, all had defaults in the 'months' history.

Should these defaults be there? after the 6 years or not showing at all.

We would like to apply for a mortgage in October, we already live in the house we want to buy and own 40% of it and would like to buy the other person out (a family friend). We should also have £5000 saved by then as well.

I have completed an IV in 2011 and have been approved for car credit since (my current credit rating is good)

Does the 40% we own constitute a 40% LV when applying for the mortgage? and would we stand any chance of getting a mortgage?

Thanks in advance.

fermi

Monthly status history will remain a default, so yes that is how they are meant to show.

All of it will drop off 6 years from the original initial "default date" which should have been your IVA start date or before. All means all, every trace of the account including all the history in-between.

Mortgage questions are not my thing so will leave that to others.

adyj73

I always find this strange. When my IVA finished early due to an F and F half my creditors totally dropped off my credit file. The other half remain showing as a monthly default. I even wrote to them to ask if they could update to settled but they said they had noted my settlement and its up to the credit reference agency but that doesn't make sense if half have dropped off and half haven't...