Can You Get a Mortgage After an IVA?
Yes, you can get a mortgage after an IVA—sometimes even while it is still active, although options are more limited.
Typical Scenarios:
- Active IVA
→ Very limited lenders, higher deposits required - Completed IVA (recent)
→ More options, but still specialist lenders - IVA over 3–6 years old
→ Access to more competitive deals - IVA removed from credit file (after 6 years)
→ Potential access to mainstream lenders
How Much Deposit Do You Need?
Deposit size plays a key role in approval:
- 10–15% deposit → Possible with specialist lenders
- 15–25% deposit → Better choice of lenders
- 25%+ deposit → Strongest applications and improved rates
A larger deposit reduces risk and increases your chances of approval.
What Do Lenders Look For?
Lenders will focus heavily on your current financial stability rather than your past.
✔ Credit Behaviour Since the IVA
No missed payments or new defaults is essential.
✔ Income & Affordability
Stable income and manageable outgoings are key.
✔ Employment Status
Permanent employment or consistent self-employed income.
✔ Loan-to-Value (LTV)
Lower LTV improves lender confidence.
How to Improve Your Chances of Getting a Mortgage
✔ Ensure Your IVA Is Marked as Completed
Check your credit file reflects this accurately.
✔ Rebuild Your Credit Score
- Pay all bills on time
- Keep credit utilisation low
- Avoid missed payments
✔ Save a Larger Deposit
This can open doors to more lenders and better rates.
✔ Avoid New Debt
Keep your financial profile as strong as possible before applying.
✔ Use a Specialist Mortgage Broker
They can match you with lenders who accept IVA applicants.
Specialist Lenders vs High Street Banks
Most high street lenders have strict policies regarding IVAs.
Specialist lenders:
- Take a more flexible, case-by-case approach
- Focus on your current financial situation
- Are more likely to approve applications post-IVA
Interest Rates After an IVA
Initially, interest rates may be higher due to perceived risk.
However:
- Rates improve over time as your credit profile strengthens
- Many borrowers remortgage after a few years to access better deals
The Mortgage Application Process
- Initial Assessment – Review your financial situation
- Agreement in Principle (AIP) – Estimate borrowing potential
- Full Application – Submit documentation
- Property Valuation – Confirm property value
- Mortgage Offer – Approval issued
- Completion – Funds released and purchase finalised
Common Mistakes to Avoid
- Applying too soon without improving your credit
- Failing to disclose your IVA
- Making multiple applications at once
- Taking on additional debt before applying
Why Use a Mortgage Broker?
A specialist broker can:
- Access lenders who accept IVA applicants
- Structure your application for success
- Help you secure competitive deals
- Save time and reduce stress
Is a Mortgage After an IVA Right for You?
This option may be suitable if:
- Your IVA is completed or nearing completion
- Your finances are now stable
- You can comfortably afford repayments
Take the Next Step Toward Homeownership
Getting a mortgage after an IVA might feel challenging, but it’s achievable with the right preparation and support. contact us at Nottingham Mortgage on 0115 990 1450 for an independant free consultation and chat about your options.
This is not the end of your Homeownership Journey.
An IVA is not the end of your homeownership journey—it’s a stepping stone toward a more stable financial future. With the right strategy, a solid deposit, and expert guidance, you can secure a mortgage and move forward with confidence.
