It is possible to get a mortgage with an active Individual Voluntary Arrangement (IVA). This will normally be a remortgage with some, or all, of the
capital raised being used to
settle the IVA - but this will depend on the terms of your individual arrangement. Not all lenders will offer this facility and the ones that do require
a satisfactory IVA service record with at least a 12 month record. You will also need considerable equity in your property to ensure you fall within
the low loan to values that are normally offered by lenders.
If you are in a bankruptcy you are probably already aware of the severe restrictions that have been placed on you regarding credit. However, once you have
been discharged for a number of years more lenders will be open to considering lending you money. This will depend on your circumstances.
If you have other bad credit registered on your credit report it is important you get in touch
so we can start assessing your eligibility for any mortgage
application. It is important your application, or next application,
is with the best mortgage option to dramatically increase your chances of being approved for a mortgage.
Simple, get in touch . Before you do you may want to
enquire about your credit file as your
mortgage adviser will more than likely ask you for it as it
will form part of his research in finding your best mortgage choice. As with all mortgages there is no guarantee you will be
accepted for mortgage following application but going through Lawrie Mortgages and letting us help you make the best mortgage
choice will greatly increase your chances. Any successful mortgage application will rely on your own personal
circumstances which will include your income and affordability as assessed by the respective lender underwriting.
0121 616 0216
County Court Judgements (CCJ's)
Debt Management Plans (DMP's)
Individual Voluntary Arrangements (IVA's)