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Santander mortgage and previous IVA
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Randomhero
Posts: 18 Forumite
Hi all,
I'll keep this short:
I have 3 years left on my mortgage with Santander. I wish to port this mortgage to a new home, and take out a new mortgage with my partner. She previously had an IVA which has been cleared and completed (was 7 years ago).
Initially when I spoke to Santander to get a decision in principle, they stated that this wasn't an issue as was off the credit reports. However, when I went to proceed after having an offer accepted on a new place, they said they would decline the mortgage if we applied as they don't accept any IVA's past of present, no matter what the timeline.
To say I'm fuming is an understatement as we were promised it wouldn't affect us.
Would it still be worth applying and just crossing our fingers, or would just be wasting our time as they said its clear cut?
I'll keep this short:
I have 3 years left on my mortgage with Santander. I wish to port this mortgage to a new home, and take out a new mortgage with my partner. She previously had an IVA which has been cleared and completed (was 7 years ago).
Initially when I spoke to Santander to get a decision in principle, they stated that this wasn't an issue as was off the credit reports. However, when I went to proceed after having an offer accepted on a new place, they said they would decline the mortgage if we applied as they don't accept any IVA's past of present, no matter what the timeline.
To say I'm fuming is an understatement as we were promised it wouldn't affect us.
Would it still be worth applying and just crossing our fingers, or would just be wasting our time as they said its clear cut?
0
Comments
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How would they know of any IVAs that were no longer part of your credit history? Unless of course you told them ... 🤐1
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Don't you have to? pretty sure its fraud otherwise.0
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Only if they ask.Randomhero said:Don't you have to? pretty sure its fraud otherwise.0 -
My mortgage is with Santander and I had a previous IVA which had dropped off my records when I applied - give it a go!1
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Thanks! Did you declare you had one?0
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You declare if you are asked. It depends if you what exactly you are asked, "have you ever" requires a different response to "are you in", but both need to be truthful.If you've have not made a mistake, you've made nothing1
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