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Home › Mortgage with an IVA — What You Need to Know in 2026

Retirement Interest Only Mortgage
With Bad Credit — Your Options

Darryl Dhoffer
Darryl Dhoffer
CeMAP · CeRER · FCA 301173 · ⭐ 52 Reviews
"I specialise in exactly this. Free assessment — no credit search, no obligation. I respond within 2 hours."

Quick answer — Can I get a retirement interest-only mortgage with bad credit? Sometimes. A retirement interest-only mortgage lets you pay only the interest monthly, with the capital repaid when the property is sold or on death, subject to terms. Lenders assess your pension income and credit record, and specialist lenders may consider adverse credit.

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.

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KEY FACT

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.

Retirement Interest Only Mortgage Timeline — What's Possible When

During IVA — Very Limited

IVA supervisor consent required. Essentially not possible except in specific windfall scenarios.

IVA Complete — 0 to 12 months

Very few lenders. 20%+ deposit required. Pepper Money and Together Money are the primary options.

IVA Complete — 12 to 36 months

Bluestone and Kensington become available. Rates improve. 15-20% deposit typically needed.

IVA Complete — 3 to 6 years old

Wider specialist lender access. Rates approach near-mainstream. 10-15% deposit may be sufficient.

6 years from IVA start — IVA drops off file

IVA no longer visible to lenders. Near-mainstream rates available. This is the full recovery point.

Retirement Interest Only Mortgage FAQs

Do I need my IVA supervisor's permission to get a mortgage?

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.

My IVA completed 18 months ago. Which lenders will consider me?

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.

Can I remortgage if I am currently in an IVA?

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.

About Darryl Dhoffer

CeMAP and CeRER qualified independent mortgage broker. FCA regulated — No. 301173. Serving clients across the whole of 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.

CeMAP Qualified FCA No. 301173 65+ Lenders Bad Credit Specialist
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❓ More Questions

Can I get a mortgage with an active IVA?

Getting a mortgage during an active IVA is extremely difficult — your IVA supervisor's consent is required, and most lenders will not lend during an IVA. The exception is if there is a windfall clause and you are purchasing using funds outside the IVA. Darryl advises on specific circumstances.

Can I get a mortgage after my IVA is completed?

Yes. From the date your IVA is completed, specialist lenders will consider your application. Some lenders require the IVA to be completed for at least 12 months; others require 2-3 years. With a 20%+ deposit, Bluestone will consider applications from IVA completion.

How long does an IVA stay on my credit file?

An IVA stays on your credit file for 6 years from the date it started — not from completion. So a 5-year IVA that started in 2019 and completed in 2024 will drop off in 2025. The date it clears is more important than the completion date.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP YOUR REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT. This page is for general information only and does not constitute regulated financial advice. The Mortgage Geezer is a trading style of Access Financial Services Ltd who are authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 301173. Registered in England No. 04427489. Registered office address Access Financial Services Ltd, Unit 1 Furtho Court, Towcester Road, Old Stratford, Milton Keynes, MK19 6AN.

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