What happens next? I know the IVA completion certificate takes 3 months. The IVA was only started last year in August so I know it takes 6 years to drop off my report. Thing is I want to start building towards a future. Husband has a mortgage and I live in his house and we would like to buy together at some point in the future. How do I rebuild my credit rating? Is it possible? How long should we wait to start looking at buying together. Looking on line it looks like 3 years after the satisfied IVA is a good time to try?! Sorry for so many questions. So relieved I’m no longer in an IVA but seems it’s a long struggle to get back to normal again (by normal I don’t mean being a spend thrift I mean being able to move forward in my life)
You could try and have a word with either Ryan or Shaun. our resident mortgage experts and take advice from them.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
As Kallis says, have a word with Ryan and Shaun re mortgages -- it is way too early to get one, but they can adivise on how best to prepare. There are, possibly, some lenders who would lend three years after the end of the IVA .... but this is, in most cases, well after the 6th anniversary anyway. If any would lend with the IVA still on the credit files the rates would be eye watering ! Better to work at saving the best deposit and waiting out the 6 years.
