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Mortgage after an IVA?
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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
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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
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