I received my completion certificate 3 weeks ago. The last payment I made to the IVA was Feb 2012.
I've won promotion and possibly in November I'll be on more pay. We have been waiting for both things to happen before seeing a mortgage broker about moving from our one bedroom flat to a two bedroom house.
My credit reports are all clear of all things negative so I'm just waiting to start this new job.
My question is how many pay slips at this new wage would a lender need to see as proof of earnings? I've heard one month, three months, six months!
Dont tell me.. it depends on the lender? [V]
Anyway it would be nice to have some idea as we dont want to get our hopes up with a shorter timescale if its not likely to happen.
I am posting here because i thought the experts could hopefully give me an idea before I actually contact one. As I said, we dont go getting our hopes up. I dont see the point of outlaying my situation to them if I dont have enough payslips at that wage.
Last edited by JoJo79 on Tue Oct 08, 2013 7:28 pm, edited 1 time in total.
It best you contact them direct - to discuss you options - that way they will personalise your quotes and tailor the advice you get etc. I am sure they wont mind giving you advice and information.
We used Ryan and had to provide six months payslips if i recall... It might have changed ... Definitely worth you giving him a call to double check. Best wishes ..
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Hi,
Sorry to say, but it does depend on the lender. We do have 1 lender who will look a mortgages for people who have been in an IVA and they will consider this with only 1 payslip.
There are a number of things you will need to of done, before we look at applying for the mortgage, so i would suggest you get in contact directly so we can discuss these
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre
IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?
