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IVA Mortgage
JamieG1981
Posts: 2 Newbie
in IVA & DRO
Any advice welcome,
I took out an IVA in November 2009 and paid off in full in October 2012, however they not not complete it until December 2014.
My credit is good now and recently was approved for a car loan. I am looking to get a mortgage and am hearing conflicting reports on whether this is possible or not.
Any ideas? Thanks
I took out an IVA in November 2009 and paid off in full in October 2012, however they not not complete it until December 2014.
My credit is good now and recently was approved for a car loan. I am looking to get a mortgage and am hearing conflicting reports on whether this is possible or not.
Any ideas? Thanks
0
Comments
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Hi JaimeG1981,
You would need to contact an independent mortgage broker to discuss this in more detail, but just be careful of their fees. The issue you may have is some mortgage applications may ask have you ever been insolvent, if they do then you would have to declare your IVA even if it has completed and no longer showing on your reports.
It your IVA started in 2009 it should no longer be showing on your credit file, if it is you may want to speak to the credit reference agencies about having that removed. Good luck,
Laura
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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