Page 1 of 1
Posted: Fri May 30, 2008 11:28 pm
by lee_e
Is it possible to obtain a joint mortgage whilst one of the joint applicants are currently 4 years into a 5 year IVA agreement?
Posted: Fri May 30, 2008 11:32 pm
by plasticdaft
I would imagine so,but possibly not from a high street lender. A specialist broker may be a better place to look.
Posted: Fri May 30, 2008 11:37 pm
by lollie
Hi lee e
Yes it is as I'm currently doing this at the moment.
I already have a mortgage and have obtained a joint mortgage with a company called Future Mortgages who deal with people in IVAs.
I will say that the LTV has changed quite significantly so you'll only be able to get a mortgage at the moment with a LTV of about 80%.
Future Mortgages and GE Money are the two main players at the moment.
Posted: Sun Jun 01, 2008 2:58 pm
by jaspersgirl2
Hi lollie...hope you don't mind me asking..I'm in a similar position (although not in my 4th yr of my IVA. I have paid 27 payments and 33 to go!) Was you a 1st time buyer or did you sell your property and then have a joint mortgage.
I am looking to do this but don't know if my creditors will go for it.
Jasp x
Posted: Mon Jun 02, 2008 7:33 am
by lee_e
Hi, thanks for the advice. Much appreciated.
Posted: Mon Jun 02, 2008 4:15 pm
by jaspersgirl2
Thats ok lee e hope all goes well.