You will be able to get a mortgage after an IVA but you are unlikely to be able to get one until the IVA drops off your credit file.
However, lenders may ask whether you have ever been subject to an IVA which may affect their decision whether to lend to you and on what terms.
Can you apply for a mortgage if you have an IVA?
The short answer is yes, it is possible to get a mortgage after an IVA. Although you may not be considered for the lowest mortgage rates, specialist lenders may still be able to offer some competitive rates. Getting a mortgage after an IVA isn’t a straightforward process.
Can I remortgage while in an IVA?
Remortgaging your home while on an IVA. If you own a property there’ll be restrictions on it for the duration of your IVA. You won’t be able to remortgage or sell it without your Supervisor’s permission. They should also contact you before any scheduled remortgage so you know what you need to do.
How long after IVA can you get credit?
How long does an IVA stay on my credit file/credit report after completion? IVA’s stay on credit files for 72 months in total (6 years). This is based on them remaining on your credit file for 12 months after the date that it first started.