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Mortgage after IVA
Posted: Fri Jan 15, 2021 4:42 pm
by Neil.dw
Our IVA was completed in Dec 2019
Was looking at getting a 95% mortgage share ownership property with help to buy scheme.
Spoke to mortgage advisor who then spoke to someone at Leeds building society (Apparently only mortgage company offering 95%) who advised that we couldn't get a mortgage until 6 years after the IVA completion date.
Is this correct?
Re: Mortgage after IVA
Posted: Fri Jan 15, 2021 5:01 pm
by Foggy
Different lenders have different policies, which also change from time to time. You need to speak to a broker with experience of the adverse credit market. I would suggest you chat with Ryan and / or Shaun ... both are experts in adverse credit applications and have placed many mortgages for us ex-IVA'ers, often at High Street Rates.
Ryan and Shaun can be contacted via the details on their profile pages here:
Ryan :
memberlist.php?mode=viewprofile&u=18488
Shaun:
memberlist.php?mode=viewprofile&u=22837
Re: Mortgage after IVA
Posted: Fri Jan 15, 2021 6:35 pm
by luluj
Agree with foggy, Ryan and/or Shaun are good for conversations to establish exactly what your situation is.
We have just remortgaged through Ryan and with The Leeds- lots of different offers out there... keep positive.
Re: Mortgage after IVA
Posted: Sat Jan 16, 2021 4:23 am
by Ryan
Hi Neil.dw
Without knowing all the details i cannot comment on lenders who you fit with, but there are very few lenders offering 95% Shared Ownership mortgages, let alone with a history of an IVA.
You also mention Help to Buy, which is possible with only a 5% deposit.
Please get in touch directly if you wish to discuss in more detail so we can assess you fully.