New mortgage launched for people with discharged IVAs

Couple on telephone looking at computer

Have you recently held an IVA? Perhaps you’ve cleared it early and you’re ready to start rebuilding your credit rating. We know you are looking to your future and you dream of owning your own home. A new mortgage has recently launched for people with discharged IVAs.

Luckily, there’s a new mortgage product just launched to turn that dream into a reality.

Traditionally, it’s always been difficult for people with an IVA (either current or historical) to be accepted for a mortgage.

That’s because High Street banks look at credit scores to judge whether you are a high-risk customer. You already know your IVA will be listed on your credit report for six years, beginning from the date your IVA was approved. But what you may not know is, even if you pay your debts off early and your IVA is categorized as “discharged” or “settled”, many lenders will still want you to wait at least three years before they may be willing to lend you a mortgage.

Of course, these three years could give you a chance to improve your credit score, as well as giving you time to save for a deposit.

But three years is a long time.

If you’ve successfully paid off your debts and resolved your financial history, you’ll naturally be excited about your future.

Is it possible to get a mortgage after an IVA?

At IVA Mortgage Expert, we’ve helped thousands of people with financial problems take their first steps onto the property ladder.

Every once in a while, we come across a product that genuinely excites us, because we can see how it can transform the lives of people who want to own their own home.

And we’ve got a great new mortgage product that is available for anyone who has recently discharged an IVA.

That’s right.

It’s available to applicants from day one of your IVA settlement. You won’t need to wait up to three years for your IVA to be removed from your credit report.

That means, you can start planning for your future, today!

What’s the catch, we hear you ask? Such a unicorn mortgage offer must have some sort of downfall.

Not this time.

As it’s a mortgage product only available from a specialist lender (who understands the intricacies of lending to those with poor financial histories), this is a mortgage designed specifically for those who have been involved in an IVA.

All you need is a 15% deposit to buy a new home, and each named applicant must be fully employed.

That sounds fair, doesn’t it?

Residential mortgage rates start from 7.75%, and the completion fee of £1,295 can be added to the mortgage.

IVA Mortgage Expert are here to help you own your own home.

If you have been holding off buying a property or been told you are unable to get a mortgage because of your IVA, then we are here to help. We can discuss all your available options and give useful advice on how to improve your credit score.

Contact us now to discuss your personal situation.

Our expert IVA mortgage advisers are here to help you take those next steps onto the property ladder. We have access to the whole market, which allows us to identify great mortgage offers for people with poor credit histories.

All you need to do is pick up your phone, and we can take care of the rest.




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