I need advice on whether I am likely to be able to get a mortgage post-IVA (ends this month).
I have a good job and income but obviously a terrible credit history at the moment.
My wife has a small amount of income and owns our house (not part of the IVA) but probably not enough income to re-mortgage for the amount we need (we want to extend). She has lots of equity (over 80%). She also has another property rented out but we really don't want to sell it unless we have to.
So in a nutshell I'm income rich but credit poor and my wife is income poor but credit and equity rich.
Anyone know a good IFA who might be able to help or have any advice? I know the 6 year rule for defaults etc but wondered i anyone has recent experience in this area.
You can get a mortgage post IVA - some of our posters have managed to do just that.
We have a mortgage advisor who posts on here now, his name is Ryan and you can find his contact details under the 'Ask a Question' link on the left hand side of the page.
Give him a call and he will be able to advise.
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
