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Posted: Wed Jun 24, 2015 2:45 pm
by Natasha.h
I'm still in my IVA at the moment but looking around at how easy (or difficult!) it will be for me to get a mortgage. On Nationwide's mortgage application form, it asks "have you entered into a voluntary arrangement with a creditor in the last 6 years."
Does this mean the date the IVA started or any part of the IVA at all? As if it's all, this would mean you have to wait a further 6 years after the 6 years the IVA is on your credit file (5 paying years, 1 year then removal).
Posted: Wed Jun 24, 2015 3:30 pm
by Michael Peoples
Once six years have elapsed from the date the IVA was approved it should be easier to get a mortgage. Speak to a whole of market broker at the time.
Posted: Wed Jun 24, 2015 5:19 pm
by Foggy
On the wording of that specific question ... when did you ENTER the IVA ? I would take it that, after the IVA had gone from my records ( 6 years from the start) I could honestly answer that I hadn't entered into an IVA withing the last 6 years.
Posted: Wed Jun 24, 2015 6:46 pm
by luluj
Use a broker such as Ryan or Shaun ..they will advise you what to do in these circumstances. Their contact details csn be found under ask the expert section.
Posted: Wed Jun 24, 2015 10:37 pm
by hubert
Definitely the date you entered the IVA originally. So if your IVA finished, dropped off your credit file along with defaults, you were off the insolvency register then I think you'd be in the clear.
What a great question. So much nicer than "have you EVER entered into a voluntary arrangement with your creditors".