IVA and needing to move to a new rental house

Jimmerp85

Hi me and my partner have both been in IVAs. Mine is settled last year via full and final any my partners is still active. We need to move In June out of our private rented house to another property. Are we likely to fail the checks ? We both have steady jobs and I have a pretty good Salary. We’ve never Missed a payment in 5 years at our current property . We will definitely need to get sorted as we Have two kids. Would it just be a case of guarantor which I can sort no problem or could we be in a spot of bother here 

fatbelly

The IVAs will be on your records for 6 years from when they started. Whether that will cause a problem or not is hard to say. It's possible.

RauHughes

Some landlords may have an issue, others may not. Best to be upfront with the letting agent. As someone who works for an insolvency practise I can tell you I see people moving into new private rental accommodation all the time with active IVAs

Fiat666

Is there any advice me and my partner are separating and needing to move out to rent but he is also on the mortgage and needing his name taken off is this possible as the ivas we both have are separate? Just advice before I call up and disgust with them I am also calling citizens advice today 

MovingForwards

Fiat666 said:

Is there any advice me and my partner are separating and needing to move out to rent but he is also on the mortgage and needing his name taken off is this possible as the ivas we both have are separate? Just advice before I call up and disgust with them I am also calling citizens advice today 

Speak with a good adverse credit mortgage broker to see what options are available.

Maybe posting on the mortgage board will generate responses from a few brokers but you will need to put a lot more info up eg how long the IVA has been in place, income, employed / self-employed, property value, outstanding mortgage amount, age etc.