TL;DR - Quick Answer
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.
Key Points
- 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 Examples
How different lenders approach this scenario
| 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 |
Frequently Asked Questions
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