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Posted: Mon Apr 21, 2014 10:27 pm
by newbie77
Hi my IVA ended 3 years ago and has been off my records for over 2 years. I've since been able to apply for an overdraft and a credit card (to help improve my score) I've checked my credit scores and they are good experian is 968. Can someone advise me on getting a mortgage do I have to say I've had an iva?
Posted: Mon Apr 21, 2014 11:13 pm
by Nutkins
Hi! I would advise only if they ask if you have ever been in an arrangement with creditors or directly ask if you have ever entered into an iva
Posted: Tue Apr 22, 2014 11:48 am
by newbie77
I thought that would be the case, I've read on here that lots of high street lenders won't even entertain the idea of giving a mortgage to anyone who's ever had an IVA its quite disheartening.
Posted: Tue Apr 22, 2014 1:14 pm
by Ryan
Hi,
Yes, if asked you will have to declare this always.
There are lenders who do not ask the question though. Find a broker who specialises in these types of mortgages
Posted: Wed Apr 23, 2014 4:54 am
by luluj
Welcome back Ryan ..... Great service from Zebra in your absence!
Posted: Thu Apr 24, 2014 6:26 pm
by Shaun Vickery
I agree entirely with Ryan, you should always disclose the IVA if asked the question. Although many High Street lenders have a narrow-minded view of ex-iva-ers, you should stand a fairly good chance if you approach the right lender. It's a matter of presenting your application correctly to the right one and taking into account your very individual circumstances.