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Mortgage following an IVA?
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Purple_tom
Posts: 1 Newbie
Hi,
Long time reader of this forum but I've only just signed up to post a question.
I entered into an IVA in September 2010 which successfully completed in September 2015. Certificate of completion issued and I've written to Equifax and Experian to ensure they've received verification of the completion.
Both myself and my partner are employed by the Police and have just got off the phone with a supposed specialist Police mortgage broker who told us that no mortgage provider will lend to any person until 3 years AFTER the completion of an IVA.
Is that right? I can find no suggestion of this elsewhere but would really appreciate some guidance in this murky world which is none too clear to us as first time buyers.
For info, we have a £22k deposit and have found a house currently on the market for £215k that we like. I earn £31k p/a, my partner £33k p/a and other than my IVA we have no adverse credit and just a car lease deal to our name.
Thank you very much in advance for any advice/assistance.
Tom
Long time reader of this forum but I've only just signed up to post a question.
I entered into an IVA in September 2010 which successfully completed in September 2015. Certificate of completion issued and I've written to Equifax and Experian to ensure they've received verification of the completion.
Both myself and my partner are employed by the Police and have just got off the phone with a supposed specialist Police mortgage broker who told us that no mortgage provider will lend to any person until 3 years AFTER the completion of an IVA.
Is that right? I can find no suggestion of this elsewhere but would really appreciate some guidance in this murky world which is none too clear to us as first time buyers.
For info, we have a £22k deposit and have found a house currently on the market for £215k that we like. I earn £31k p/a, my partner £33k p/a and other than my IVA we have no adverse credit and just a car lease deal to our name.
Thank you very much in advance for any advice/assistance.
Tom
0
Comments
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You should be able to do this on the high street if it's six years after the date the IVA was first registered.
Subject to last few years being squeaky-clean of course.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
With a considerable deposit you may have other options, but not on your current figures.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I got a mortgage at 90% LTV whilst still having a Bankruptcy from May 2010 showing on my record. Its certainly possible!0
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