An IVA — active or completed — doesn't permanently close the door to a mortgage. Specialist lenders have specific criteria for IVA applications. Here's what you need to know.
Being declined feels personal. It isn't — banks use computers. Darryl uses judgement.
The most important date is when your IVA drops off your credit file — 6 years from start date, not completion date. If your IVA started in 2020, it clears in 2026 regardless of when it completed. From that point, you may access near-mainstream lenders.
IVA supervisor consent required. Essentially not possible except in specific windfall scenarios.
Very few lenders. 20%+ deposit required. Pepper Money and Together Money are the primary options.
Bluestone and Kensington become available. Rates improve. 15-20% deposit typically needed.
Wider specialist lender access. Rates approach near-mainstream. 10-15% deposit may be sufficient.
IVA no longer visible to lenders. Near-mainstream rates available. This is the full recovery point.
During an active IVA, yes — your supervisor's permission is required for any new credit including a mortgage. After your IVA completes, no permission is needed.
Bluestone Mortgages will consider applications from IVA completion with a 20%+ deposit. Kensington typically requires 2+ years post-completion. Pepper Money assesses on an individual basis. Darryl will identify the most suitable current options.
Remortgaging during an IVA requires your supervisor's consent and raises questions about equity (which may be subject to the IVA equity release clause). This needs careful handling — speak to Darryl before approaching any lender.
CeMAP and CeRER qualified independent mortgage broker. FCA regulated — No. 301173. Based in Bedford, serving clients across the UK since 2015. Specialises in adverse credit, complex income and specialist mortgage cases. Every client works directly with Darryl — no handoffs, no call centres.
Your home may be repossessed if you do not keep up repayments on your mortgage. Darryl Dhoffer is an appointed representative of Access Financial Services Ltd, authorised and regulated by the Financial Conduct Authority — FCA No. 301173. Registered England No. 04427489. General information only — not regulated financial advice.
Free, no-obligation call. No credit check. Darryl responds personally within 2 hours Mon–Fri 9am–6pm.