hi if I have deposit to put down on a property can I get a morgage for 90%? I have just had a company email me saying they could only lend 50% whilst in an IVA?
You would find it really difficult to obtain a mortgage whilst in an IVA. One of our posters has recently managed to secure a mortgage with a 50% deposit.
Totally concur - you stand no chance of getting a mortgage whilst in an IVA and even if you were solvent a 90% one these days is pretty dead in the water.
If you are still in an IVA, how have you managed to save up a deposit or is someone putting the money up for you?
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
50% deposit was the only mortgage on offer to us in March 2011 - we were told that it would be the same for at least two years after IVA has ended ! Keep trying but i do think you will be lucky to get one with 10% deposit.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
