Will IVA affect my mortgage?

An Individual Voluntary Arrangement (IVA) will impact on your ability to obtain a mortgage. An IVA is a formal agreement between an individual and their creditors and are arranged by IVA practitioners.

Having an IVA on your credit file will make it more difficult to be approved for a mortgage and will also result in higher interest rates and your application be underwritten with more stringent lending criteria. Lenders will assess your current financial situation to determine if you should be approved for a mortgage.

However, there is potential to get a mortgage with an IVA. Our team at Adverse Mortgage Advisors work closely with their clients and the lender to ensure the best possible application is submitted to the lender. It is this attention to detail that has enabled us to deliver many successful applications for our clients where they never believed it would be possible.

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