Mortgage Broker recommendation - Settled IVA

MC64

Can anyone recommend a broker that deals with adverse credit? I found one (Haysto) but feel like they’ve been wasting my time.

My IVA was settled 2 years ago. Is it a general rule that only a 20% deposit will be accepted, with an extortionately high interest rate? I was quoted £1950 a month and £56k deposit for a £280k property. 

amnblog

There are probably only half a dozen lenders on the market that might consider this. Have you had a formal offer? Or have you not applied yet?

If the former you are fortunate
If the later you should be expecting rates in the 8.50 to 9.50% range in the current market.

Unless a mistake has been made (highly unlikely) - another Broker is not going to find a wildly less expensive lender.

MC64

Appreciate that. Crazy times though. After that 5 year fixed term, the mortgage would be half cleared! No house for me anytime soon. 

Such a shame though… I have approximately £30k saved and budgeted £1500(ish) a month and I can’t even come close to getting on the property ladder because of my past.

No19v87

Haysto were fantastic with us, would highly recommend you stick with them.

ACG

Once you have been discharged from the IVA for 3 years your options open up massively.