Getting a mortgage loan after an IVA

An Individual Voluntary Agreement (IVA) is often the only remaining option for those who are in debt and wish to avoid bankruptcy. It allows a borrower to arrange a reasonable, affordable payment plan with their creditors, that will enable them to settle what they owe over the course of a few years.

Understandably, many mainstream mortgage lenders are reluctant to lend to people with an IVA history, as it highlights an increased risk of non-payment. But at CLS Money, we work with a number of specialist mortgage lenders who are willing to offer a mortgage to a borrower who has or previously had an IVA.

We will compare deals on mortgage loans from a variety of companies before suggesting a lender who is likely to accept your application, and once your application has been submitted and successfully approved, we’ll make sure all the relevant paperwork is completed accurately and on time, and speak to your estate agents and/or solicitors to make sure everything is in order and ready for the target completion date.

If you have previously struggled to secure a mortgage due to a history of missed payments, or you’re concerned that your financial history will affect your eligibility for a home loan, you’ll benefit from honest, professional advice from our team.

For more information on getting a mortgage with or after an IVA, contact our expert brokers today.