You should probably have to wait for at least 12 months after the IVA has completed unless you have a 50% deposit. Speak to a specialist mortgage broker.
Hi and welcome - you would probably be better off waiting until the end.
We do have a mortgage broker who posts on here. His name is Ryan and you can find his details under the 'Ask a Question' link on the left hand side of the page. Give him a ring and see what he says.
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
Deposit levels vary .... Circumstances will dictate what is available..... Whole of the market broker is the way to go as they have access to numerous non high street lenders.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Ok just want to share my success story, I've a mortgage now with nationwide. 15 months after my IVA completion day I've got a 3.19% tracker on a 70% LTV bankruptcy searches carried out and came back with no entry's,
All questions answered honestly about my circumstances I think I got extremely lucky with our mortgage advisor with the question " have you ever been bankrupt" we get our keys on Friday. Happy days
I was chatting to a company that do secured loans for IVA clients and was told that th Nationwide are interested in ex IVA clients. If they have been in an IVA for 5 years and discharged 12 months then their credit file is clear. It is highly unlikely that any of these people would have obtained much credit other than trying to repair their rating and they have also been in a structured plan. This makes ex IVA clients a better risk than first time buyers and makes a huge amount of sense to me.
Congratulations Stephen, and good to hear that some companies are willing to take us on!!!
Hope you will be very happy in your new house.
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
