Mortgages with IVA.

An Individual Voluntary Arrangement, or IVA, can have a major impact on mortgage applications.

Some lenders will not consider an application until the IVA has completed and enough time has passed. Others may review cases depending on the circumstances.

[ WHAT THEY CONSIDER ]

  • Date the CCJ was registered

  • CCJ amount

  • Whether the CCJ is satisfied

  • Date of satisfaction

  • Number of CCJs

  • Other adverse credit

  • Deposit size

  • Current credit conduct

  • Income and affordability

  • Explanation behind the CCJ

01

01 / IVA STATUS

Active or completed?

An active IVA is more restrictive. Completed arrangements generally create more options over time.

02

02 / COMPLETION

Time since completion matters

Lenders typically look at when the arrangement ended, alongside conduct since completion.

03

03 / SPECIALIST REVIEW

Know your position before applying

We review your IVA status, credit history, deposit, income and affordability before a lender is approached.

[ FAQs ]

  1. Can I get a mortgage after an IVA?

    Possibly. Some lenders may consider applicants after an IVA, especially where it has completed and credit conduct has improved.

  2. Can I get a mortgage during an IVA?

    It is usually more difficult and may require consent from the IVA supervisor.

  3. How long after an IVA can I apply for a mortgage?

    This depends on lender criteria and your wider circumstances.

  4. Will I need a bigger deposit after an IVA?

    Often, a larger deposit can improve options, but it does not guarantee acceptance.

[ WHAT DO YOU NEED ]

Personal

Passport

Proof of address

Credit report

Income

Payslips & P60



SA302s & Accounts



Bank statements

Property

Memorandum of Sale

Estate agent details

Solicitor details

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[ GLOSSARY ]

  • HMO: House in Multiple Occupation

  • SPV: Special Purpose Vehicle

  • IVA: Individual Voluntary Arrangement

  • DMP: Debt Management Plan

  • CCJ: County Court Judgment

[ DISCLAIMER ]

Your home may be repossessed if you do not keep up repayments on your mortgage.

What is an IVA?

  • An IVA is a formal debt solution where an agreement is made with creditors to repay debts over a set period.

  • It is a serious credit event and is likely to affect lender options.

Can I get a mortgage after an IVA?

Possibly. The chances usually improve once the IVA has completed and time has passed.

The outcome may depend on


  • Whether the IVA is active or completed

  • Date of completion

  • Credit conduct since the IVA

  • Deposit size

  • Income and affordability

  • Current commitments

  • Property type

  • Overall credit profile

Can I get a mortgage during an IVA?

This is usually more difficult. An active IVA can significantly restrict lender options and may require consent from the IVA supervisor. The case would need careful review before any lender approach.

How we help?

Mortgage Centre reviews the IVA status, credit history, income, deposit and affordability before a lender approach is considered. This can help identify whether there may be a suitable route forward.

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