www.iva.co.uk

Hi all,

My husband is a couple of weeks away from his 6 year anniversary of the start of his IVA.
We checked his credit files yesterday and although most were showing satisfied, all had defaults in the 'months' history.

Should these defaults be there? after the 6 years or not showing at all.

We would like to apply for a mortgage in October, we already live in the house we want to buy and own 40% of it and would like to buy the other person out (a family friend). We should also have £5000 saved by then as well.

I have completed an IV in 2011 and have been approved for car credit since (my current credit rating is good)

Does the 40% we own constitute a 40% LV when applying for the mortgage? and would we stand any chance of getting a mortgage?

Thanks in advance.

Hi there. General info on credit file clean up can be found here:

http://pjgrecovery.com/clean-up-credit-rating.asp

The defaults will drop off 6 years from the default date ( which should be on or about the start of the IVA).

On the mortgage front I would suggest a chat with Ryan and / or Shaun, who are both whole of market brokers with experience of adverse credit applications. Their details can be found under the "Ask a Question" tab ( top left) and scrolling down to the experts details section.