If you need debt advice we can help

[Carla]

Hi there Karenontheedge. Did you make any progress with this? Have you been able to find anyone who might be interested in offering you a mortgage?

[Geraldine]

Yes, do please let us know karenontheedge as it would be really useful feedback for others who are reading the forum.

[karenontheedge]

This has been a much harder job than I think the earlier posts thought it would be. I am computer savvy and not afraid to speak to people on the phone but have found it very difficult getting hold of the right people. I imagine anyone with less confidence would find it impossible.
I found websites for the potential mortgage lenders that had been mentioned on this post and they all say that you need to go via a broker/intermediary. I contacted several local brokers recommended to me but none of them used anything other than "high street" lenders. On checking back on sub prime lender sites I found a list of possible brokers. I rang 4 of them. Three told me that no-one would consider lending until at least 3 years since IVA has ended. Despite the IVA being paid off early, our having at least a 50% deposit and only wanting to borrow 2X salary. One broker has asked a few more questions and has submitted an application in principle to them. He will not tell me who they are and I am waiting for him to come back to me. These brokers are totally unknown to me and miles away from where I live I feel I am taking a huge gamble giving them personal and financial details. It is very scary and stressful and is making me very ill.
I will obviously update the post when I hear.

[Hayden]

This is really frustrating karenontheedge. Unfortunately the situation you find yourself in just shows how very difficult it is to get a mortgage in the current client if you have been through an IVA in the recent past and is still showing on your credit file. I really hope the one broker you are speaking to who has shown promise does come up with an option for you. If I hear of any other options I will certainly be sure to post them on the forum......