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Posted: Mon Sep 07, 2015 1:43 pm
by Kevwillo
Hi, wonder if any one can help. My IVA is due to finish in Feb 2016, we are desperate to move house, does anyone know if going with a broker (from this forum) if the % is really high still within an IVA? Or am i best waiting till next year? if so, how long do I have to wait before I can get another mortgage? Thanks
Posted: Mon Sep 07, 2015 2:27 pm
by kallis3
Hi,
Contact either Shaun or Ryan (details on the left) and they will give you some advice.
Posted: Mon Sep 07, 2015 2:35 pm
by Michael Peoples
It would be difficult to obtain any mortgage until six years after the IVA started. If your IVA has already been extended due to equity then the six years should expire around that time so speak to the experts and see what they say. At least you could start to have an informal look around to see what is about knowing it is an option in the New Year.
Posted: Mon Sep 07, 2015 3:41 pm
by Kevwillo
Hi, yes my IVA was extended so in Feb 16 that will be 6 years. I will contact Shaun abnd Ryan thanks
Posted: Mon Sep 07, 2015 9:34 pm
by luluj
Everyone circumstances are different. Ryan will provide you with information and timescale you need to work to ... let us know how you get on xx
Posted: Mon Sep 07, 2015 9:40 pm
by mole
Kevwillo, if you have a totally clean credit file, there is no reason yo cannot try a mainstream leader straight away. With a clean CF, your salary and deposit will have more bearing on the outcome.
Posted: Mon Sep 14, 2015 12:40 pm
by Shaun Vickery
Whilst you are still in the IVA it is likely to be difficult and more expensive. I'd suggest you are certainly better waiting until the IVA is completed before you consider anything but of course it will also depend on the amount of deposit you have available, your income etc.