We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Mortgage after an IVA?
Options
Improving_Daily
Posts: 3 Newbie
in IVA & DRO
I got an IVA just over a year ago that I've never defaulted on. I don't have any other debts and my bills are always paid on time.
My Dad has recently passed away and I will be in a position to pay the IVA in full, not a settlement but the full amount of the debt as well as all the fees.
The IVA was for 2 debts, 1 loan and 1 credit card. If I hadn't got the IVA I would still be within the original timescale of paying off both so in reality I'm actually paying both early
Does anyone know how this will affect my ability to get a mortgage. I know that an IVA would normally be on my credit file for 6 years and even a settlement for a lower amount would still be there for some time but I intend to pay in full and early
Thanks in advance for any replies xx
My Dad has recently passed away and I will be in a position to pay the IVA in full, not a settlement but the full amount of the debt as well as all the fees.
The IVA was for 2 debts, 1 loan and 1 credit card. If I hadn't got the IVA I would still be within the original timescale of paying off both so in reality I'm actually paying both early
Does anyone know how this will affect my ability to get a mortgage. I know that an IVA would normally be on my credit file for 6 years and even a settlement for a lower amount would still be there for some time but I intend to pay in full and early
Thanks in advance for any replies xx
0
Comments
-
You're better off posting on the mortgage board, further down the forum, as that's where a few brokers reply to threads. One specialises in adverse credit.Mortgage started 2020, aiming to clear 31/12/2029.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards