Hi, looking at getting a joint mortgage. How far back do mortgage lenders check ?

[Jend2199]

hi, looking at getting a joint mortgage of 95% on new buy with my partner,he has a mortgage (house) that we want to px too

He has good credit but cant get mortgage on his salary alone the house we want is 234995 px value was 116k

in the past i was in an iva (came out of it early) and paid most off but have arrangement to pay via fairfax solicitors (originally was maxrecovery) to pay the £2300 left (3 debtors) this finishes in june 2014 (not on credit report)

the iva is off all 3 credit reports as started in 2006 and my whole records are clear with no defaults etc even have a current account with overdraft and gold credit card and both scores over 700

How far back do mortage lenders check or do they just check credit report? Can they see this arrangement in place as not on my credit report

worth noting i checked on insolvency regeister and is says status as current even tho was in 2006 and not on credit records, can this be removed?

thanks

[Shining]

Hi, i'll bump this back up for someone who can answer this. We do have mortgage experts that post and may be able to answer this directly for you. All the best with your future plans.

[ginger323232]

As Lesley suggested - use the experts on here for advice and save yourself some leg work /stress - Lenders etc will keep their own records so despite it being off your credit report the IVA may be recorded elsewhere. Some lenders ask "have you every been in an arrangement with creditors" ? - you have you answer this truthful (its can be classed as fraud otherwise). Speaking from personal experience some lenders will automatically dismiss the application if you mention IVA - this include One Account(RBS) and Co-OP

[sponge]

Check that the IR have got your completion cert. Some high street lenders will ask that question. I don't believe this site is a place to tell anyone what they must and must not do in respect to this. Those posters that have said no, have had access to high street lending and those that said yes have been denied

The Author of this site, has, as I do suggested it's down to the individual, or find a broker who can find a lender who does not ask

I for one finding some morale notion to comply with the bank, in a way that they will comply with no one, from libor fixing, PPI miss-selling rate, swap rate fixing, to money laundering for arms deals, (how sick is that) sorry no.

It’s odd that corporate capitalism and communism with the ideology of opposite sides complete the very same circle (observation)

As they say “it is better to love and lost rather than never loved at all” So it follows it is better to have owned and lost, than never owned at all, or somfink like that

[Jend2199]

Hi I have spoken to the Famous Ryan that is on the ask the experts part!

He was fab and gave a lot of info and help. Very quick on the emails after speaking to him too!

Would highly recommend anyone with such a query as myself to give him a call, so much clearer now.

Can't go through with it now as the px came back too low but least I know for future

My details are now off the insolvency register too I just had to email them a termination certificate

[Shining]

So glad Ryan could help you with some advice, it's nice to get expert advice. All the best for your future.

[luluj]

Great news that you now have more detail and are aware of what your options are ...Ryan is a great support to many and will always help where he can...