www.iva.co.uk

I entered my IVA in Nov 2007, made my final payment Nov 2012 but didn't get my closure certificate until Sep 2013 (thanks to a change in laws to do with PPI).
My husband and I are now looking to get a mortgage but we are being told conflicting information and would like to know if anybody is aware of
How long it will stay on my credit report?
How long do I need declare my IVA?
If anybody who has been in an IVA actually has a mortgage(not just a mortgage promise)?
Can banks just refuse you as soon as you declare an IVA?

Hi and welcome to the forum. Your IVA stays on your credit file 6 years from the date of acceptance. If asked the question have you ever been in an IVA you will be required to answer honestly.

There are two mortgage experts on the forum who have helped a fair few people post IVA, both Ryan and Shaun can answer all your queries for you and both offer excellent advice.

We also have a couple of posters that I know of obtain High Street mortgages so all is not lost and I'm sure if you have a chat with Ryan or Shaun or maybe both you'll get some good advice. Their contact details can be found in the ask experts a questionlink to the left and scroll down and you'll be able to contact them direct.

Good advice from Lesley. Using a specialist broker would avoid unnecessary rejections which would further damage your credit file. This would be a shame as it should be pretty clear by now.

Get in touch with Ryan as suggested ...He has got me two mortgages in four years without a problem.

I can only agree with the above. Both Ryan and Shaun have been instrumental in placing many mortgages for those with an IVA in the past.

Hi all, thank you for your responses. I will get in contact with Ryan and Shaun and fingers crossed I will be a home owner one day #128513;

Hope all goes well for you . Let us know how you get on

Hi Donnad0267,
I specialise in Adverse Credit Mortgages and hope the following helps.
The majority of High Street lenders will want you to have been discharged from an IVA for 6 years but some will accept you after 3 years.
I do however know a lender that will accept you (even with an IVA still running and is does not have to be cleared) and they will lend up to 70% of a property’s value providing you have maintained the payments on time, every time for the last 24 months.
The circumstances around the IVA are also important as the lender will want a clearly defined reason why you entered into the IVA – for example did you lose your job or become ill? There is no one answer but the reason has to be backed up with proof e.g. Doctors records or redundancy letter.
Regards
Steve

have a chat wuth Ryan or Shaun - both of whom are mortgage experts who proven success at helping forum members. Everyone's circumstances are very different and levels of deposit are different - I can personally vouch for Ryan having had two mortgages now via his company and I am aware of dozens of other forum members who have been equally pleased with him

Not technical enough to repost in other thread but Ryan, tjis includes post referred to.

Hope you get sorted. Let us know how u get on

Morning all, I have been in contact with Ryan and his team and things seem really promising. I will let you know as our journey goes on but there does seem to be light at the end of the tunnel.

Pleased to hear this - look forward to seeing your updates

Great news

Hi Donnad0267,
Please feel free to call / email if you would like help or advice.
Time really is a good thing when it comes to mortgages as the further behind you your adverse credit history, the better your chances of getting a mortgage.
Regards
Steve