Mortgages after IVA or bankruptcy are possible, even from the day of discharge. Specialist lenders focus on your current financial situation and rebuilt credit rather than past problems. Active IVAs can also be considered by some lenders with supervisor consent.
- Mortgages available from day 1 of IVA completion or bankruptcy discharge
- Rebuilt credit history improves options significantly
- Active IVAs can be considered with supervisor consent
- Most high street lenders require 6 years clear
- Larger deposits (15-25%) typically required
- Rates reduce as time from discharge increases
| Lender Type | Accepts | Notes |
|---|---|---|
| High Street | 6+ years post-discharge | Very strict, full recovery needed |
| Building Societies | 3-6 years post-discharge | Case-by-case consideration |
| Specialist Tier 1 | 1-3 years post-discharge | Up to 80% LTV, competitive rates |
| Specialist Tier 2 | Day 1 of discharge | Higher rates, 70-75% LTV |
| Active IVA Lenders | Active with consent | Limited options, 65-70% LTV max |
Understanding Lender Criteria for Your Situation
Every mortgage lender has unique criteria for assessing applications. What appears as a rejection from one lender could be an approval from another—the key is finding lenders whose policies match your circumstances. This is particularly important when you have non-standard elements in your application.
Lenders assess applications based on multiple factors including credit history, income stability, employment type, deposit size, and the property itself. They apply these criteria differently, with some being more flexible on certain aspects while stricter on others. Understanding these differences is crucial for finding the right lender.
Our criteria database shows you which lenders are most likely to approve applications like yours. Rather than applying blindly and risking credit score damage from rejections, you can target lenders whose policies specifically accommodate your situation. This targeted approach significantly improves your chances of approval.
Frequently Asked Questions
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