IVA/BDM

Kelstar1

Hi,I wonder if anyone can give me some advice, myself and my partner had an aip with Halifax, so we have a buyer for our property and have had an offer accepted on another, we have a 20% deposit, 2 weeks ago our broker informed us that Halifax whom we already have an existing mortgage with have declined is due to my partners IVA which started in 2013 paid early 2016 although iam aware it’s still on his credit report for 6 years, so he is one year out this October. My broker appealed and lost so now we’ve had an email that his BDM has escalated the case and it’s being referred back to the underwriter for review. Do you think we have a good chance? Or is it a lost cause? It’s so stressful 😢

fatbelly

I can't comment on the mortgage issue. However...

An IVA that started in 2013 should have dropped off the credit file in 2019. It should also be no longer appearing on the insolvency register.

Have you checked both?

https://www.insolvencydirect.bis.gov.uk/eiir/

Kelstar1

Apparently it’s got to 6 yrs after it’s finished? 

fatbelly

No that's not correct.

Experian have answered this question here

If it's still appearing on the credit file, it has the wrong start date. If it's still on the insolvency register it has the wrong end date

sourcrates

Same page as fatbelly here, if it started in 2013, it should have gone in 2019, (the six years start from the begining, not the end) so something is incorrect here.

Kelstar1

I don’t think it’s on the file anymore? Apparently a senior underwriter declined because of the IVA it’s so frustrating because of how long ago it was 

sourcrates

Kelstar1 said:

I don’t think it’s on the file anymore? Apparently a senior underwriter declined because of the IVA it’s so frustrating because of how long ago it was 

Begs the question, how did they find out about it ?

Kelstar1

sourcrates said:

Kelstar1 said:

I don’t think it’s on the file anymore? Apparently a senior underwriter declined because of the IVA it’s so frustrating because of how long ago it was 

Begs the question, how did they find out about it ?

We told the broker about it, I have just checked the insolvency register and he’s not on there