We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage after IVA (already own part of the house)
Peenutbutter
Posts: 46 Forumite
Hi all,
My husband is a couple of weeks away from his 6 year anniversary of the start of his IVA. Completed a year ago.
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 outright, 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 IVA 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.
My husband is a couple of weeks away from his 6 year anniversary of the start of his IVA. Completed a year ago.
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 outright, 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 IVA 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.
2019 wins: £60 French Quarter voucher - Rugby book - seasonal bouquet - Case of Eisberg Wine :j
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.4K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards