16 May 2012 at 6:16PM. Essentially, there are two ways you can do this. They will then update your credit file to show. Residential mortgage rates start from 7. 0800 077 6180. Generally speaking you will be able to borrow a maximum of 3-4 times your gross annual income. 0800 077 6180. Directly following an IVA, you should expect to raise a maximum 75% IVA. However, do not worry, you will be able to get the normal loan facilities from the Student Loans Company. Toggle navigation. When the IVA agreement comes to an end, you'll be free from the commitments to your creditors. Please complete the online enquiry form on this page or alternatively call me on (020) 7903 2044. Can I get a mortgage after an IVA? You will be able to get a mortgage after an IVA but you are unlikely to be able to get one until the IVA drops off your credit file. If you can meet all of these requirements, you should be able to get a mortgage after your IVA. To find out how we can help, call us on 0300 124 5655 or complete our enquiry form to speak to an IVA mortgage expert. Struggling to get your head round all of this? We can help you implement an IVA. It will come about if the property is sold for less than the mortgage or loans that were secured against it. Then deduct this from the total debt you plan to include. There are a number of activities to complete which usually require this amount of time. An individual voluntary arrangement (IVA) is a way to deal with debt you're struggling to repay. We waited to that time and tried both yesterday for a decision in principle but got turned down. Calls from mobiles may be chargedIf you need debt advice we can help. It normally takes 6-8 weeks to agree an early settlement of your IVA. Thus, when the IVA is complete, the individual no longer owes money to the creditors. The IVA record will drop off your file automatically 6 years after the start date. co. After your IVA finishes, in theory you don’t need to do anything and all the problems will disappear from your record. HMRC and IVA 6. On the face of it the calculation is very easy. With IVA can help you geting out of debt but could make it tougher to get one mortgage at the future. You can get a Mortgage after an IVA. 9 January 2017 at 9:52PM. Or, it could take up to 12 months after your agreement ends for a standard 5-year IVA. Please complete the online enquiry form on this page or alternatively call me on (020) 7903 2044. Calls from mobiles may be chargedHelp with getting a Mortgage after IVA; Help with getting a Mortgage after Bankruptcy; Useful links. However, there is a group of so called sub-prime lenders who should be willing to help. However it will be difficult as you will require a deposit of at least 45% of the value of the property. Here we'll assess the options for remortgaging an IVA and whether it will continue to impact your credit assessment. 2: Cancel your IVA with Creditfix and do something else. We are currently on a standard rate mortgage (4. First steps after an IVA. This document will normally be sent to you by your Insolvency Practitioner (IP) 6-8 weeks after your final payment is made. You will be able to get a mortgage after an IVA but you are unlikely to be able to get one until the IVA drops off your credit file. The amount left is what you can expect will be written off. An IVA stays on your credit file for six years from the date it was agreed or until it completes (if that’s longer than six years). Looking for a mortgage? Give us a call (0800 011 4712) or complete the form below. Struggling to get your head round all of this? We can help. If your income increased a number of months before your review, you may also have to pay an additional lump sum to make up the arrears. FCA Approved Person. Under the Insolvency act of 1986, an IVA can take as much as seven years to pay off, though it's not common. Time since IVA finished – The amount of time that has passed since the completion of the IVA – Many lenders require you to wait for a certain period of time, usually 3-6 years, before they will consider you for a mortgage. A buyout. Calls from mobiles may be chargedIf you need debt advice we can help. Share. If you are a home owner, your IVA will not automatically be extended. You can keep the full amount after taxes, and there would be nothing wrong with that. Included in this article: Can you move home during an IVA. It's an agreement between you and your creditors (organisations you owe money to) that sets out when and how you'll repay them. I have since been awarded PIP as my sight is so bad. If you handed over the money in November 17 this is now 3. But it can be more difficult compared to someone without one. But most important of all, once your IVA starts, you must save this money each month. If you started your IVA less than 3 years ago it may be possible to get a mortgage. This can be done by simply stopping the payments. Divorce. The best way to improve your chances of getting a mortgage following an IVA is to rebuild your credit score. Calls from mobiles may be chargedThe requirement to Release Equity during an IVA. It’ll mean you have to be open and honest about your financial history, but also about what has changed since the IVA was set and the measures you have. Colin reveals if you can get a mortgage after an individual voluntary arrangement For more information regarding an IVA visit - long after finishing an IVA can I get a mortgage? In theory, getting your IVA completion certificate from your insolvency practitioner is a green light when it comes to. However you will be allowed to keep the equivalent of 6 months take home pay to maintain your living expenses and IVA payments while looking for another job. PPI compensation may have to be paid into your arrangement even if it is completed – if the PPI is for a debt that was prior to your IVA starting. Call us (0800 011 4712) or complete the form at the bottom of this page. If that was the case and after your annual review your surplus income is still £200 then your payments will remain the same (£200/mth). The massive advantage over an IVA is that you are only bankrupt for 1 year and will probably not have to make any further monthly payments towards your debt at all. Advice and cooperationOnce your IVA is completed, you are free to sell any property that you own. 25 May 2018 at 12:20PM. Co-Op – Cash Minder. This depends on how long it has been since your debts were discharged, plus your personal financial circumstances and how much equity you have in your property. However, there are some lenders that will consider your application immediately as long as you have a sufficient deposit. However, there isn’t a straightforward answer to this question. Although this probably sounds scary it could be a very sensible option. As part of the process for starting a Debt Management Plan (DMP) you will need to complete a living expenses budget. If for any reason you believe the status of the IVA on your credit file is inaccurate you can. Getting a mortgage with an IVA is difficult, but not impossible. A Joint IVA will normally last for 5-6 years. bigmouse Posts: 24 Forumite. Tue Oct 25, 2022 4:14 pm. Once your IVA is up and running, you will have to start making monthly payments which will last for 5-6 years. The clause usually states that you must try to release equity from your property in the 5th year of the Arrangement. Martin's Blog; Team Blog; Deals Hunters' Blog; About the site;However for someone to find out about your IVA they would have to actively search the register. You will simply pay back more of your debt then first anticipated. Skip to content. Related Articles. While you have an IVA on your credit report, you’ll probably struggle to get a mortgage. At ams: our expert advisers guide you through the process. While the Arrangement is running you can offer to pay your creditors a one off cash payment. You can start an IVA in the knowledge that mortgage options will be available once it is completed and off your credit file. When you first began your IVA, it marked the beginning of the six year period that it stays on your credit file. Credit History. Time since IVA finished – The amount of time that has passed since the completion of the IVA – Many lenders require you to wait for a certain period of time, usually 3-6 years, before they will consider you for a mortgage. Clydesdale – Ready Cash. Yes, it is possible to get a mortgage with an IVA. Applying for a mortgage with Clever Mortgage's and speak to a broker allows you to get the help and advice needed to get. What is an IVA. Given the split is amicable, you could both agree to carry on paying the agreement between you as normal. An IVA is a legally binding debt solution that uses government legislation to consolidate your payments into one affordable monthly amount and write off up to 81% of unsecured debt. It gives the same results as Bankruptcy but costs far less to implement. For example, you might promise to give them some of your salary each month, or to pay them a lump sum. 2011), contact them and ask for confirmation of when your last payment will be. Getting a mortgage with an IVA is usually a simpler prospect than getting one after having filed for bankruptcy. The key factors that lenders will assess. The IVA will remain on your records for six years after it is spent. Getting a Mortgage after an IVA; Want further help and advice? Give us a call (0800 077 6180) or complete the form below to speak to one of our experts. The length of time it takes to complete your IVA agreement will differ depending on your financial situation but is typically five years (extended to six years if you have additional payments to make). By submitting your details you agree to them being used by Clever Mortgages to respond to your mortgage enquiry. 1. Get mortgage after IVA. If you need debt advice we can help. I agree. credit card debts or personal loans (You can. We charge a flat fee of £1,495 for advising and arranging a mortgage. If you need debt advice we can help. Get Help and Support. An IVA allows you to settle unsecured debt that you cannot pay. It is possible to cancel your IVA at any time. Speak to an IVA Expert. Generally speaking if it is 3-6 years since your IVA started you will need a deposit of at least 15% of the value of the property you want to buy. Search. We also list the top-5 mortgage lenders for people with an IVA in their credit history. If you need debt advice we can help. If this happens there are usually no other implications for the Arrangement. You will also be presented with a completion certificate to confirm that you have successfully completed your IVA and are now debt-free. Apply for an IVA. If you need debt advice we can help. Paying a windfall into your IVA doesn’t mean it will be paid off any earlier. This form of insolvency is a legally binding agreement between you and your creditors that helps you pay off your debts at an affordable rate. It is important to check your IVA proposal and terms and conditions. Apply for an IVA. i got a vanquis card and a home order catalogue now to help boost my green dots on my file. News & Articles (view all) I am still waiting for my IVA Completion Certificate; Telling my Partner about a Debt Management Plan; I am in an IVA but my IVA company. We understand the impact that an IVA can have on your application, whether you’re trying to get a mortgage after IVA completion or you’re still in an IVA. Once you have your completion certificate, you will want to apply to a high street lender. I'm really hoping we will be able to get a mortgage. The IVA lasts for 5 years so it will show on the file for a further 1 year after completion. Hi, I wondered if anyone had much experience of life after an IVA? My husband has an IVA which is due to finish in 18 months time. Generally speaking you will be able to borrow a maximum of 3-4 times your gross annual income. The role of an IVA is to showcase the change in the behaviour of a former debtor and how much of a risk they pose. A parent or family member leaving a joint mortgage. There are no up front costs to start an IVA. . Theses are things like a mortgage or any other debt secured against your home such as a Charging Order. In some cases, interest can also be charged. Once your IVA has successfully completed any outstanding balances will be written-off an you will be officially debt free. There is more information below about how your monthly payments can go up during an IVA. Medical; Driver; Of; Petition; Routing. My husband has an IVA which is due to finish in 18 months time. By Andrew Jensen ; 5 Minutes Read Last updated: 23 August, 2023You should include specific expenses increases. My husband has probably got a fairly good credit rating, in that he has never. There will be non left to maintain any unsecured debts that have been left out. Share. Your Completion Certificate should then be issued. Once the cash sum is paid, the Arrangement is completed straight away. An IVA is a type of agreement between you and your creditors. See moreCan I get a mortgage after an IVA? Having an IVA doesn’t mean you can’t get a mortgage! But it does mean you may not be considered for the lowest. Your email address will not be published. Instead you make a single payment based on the amount you can afford. 0800 077 6180. They may be able to identify problems with your first proposal which can be changed to make a second. 00 in PPI -2013:j Received £1400 charges - 2006:jYes, once your IVA is complete the property is yours to do with as you wish. If you need debt advice we can help. However in order to get access to high street interest rates you will have to wait until the record comes off your credit file. In return they then agree that no further monthly payments will be required. IVA Payments, IVA Suitability. Registered in England 11642575. 12 June 2020 at 11:40AM. Finding a suitable mortgage after your IVA can prove challenging. Immediately After Completion: Some specialist lenders might consider a mortgage application immediately after the IVA has been completed. It is a statement by your Insolvency Practitioner that they are no longer acting as the Supervisor of the Arrangement. In some IVAs it may also say you have to pay interest on the total original debt of 8% per year. An IVA that is completed in under six years will disappear from your credit record six years after it started. 0 Replies. With a large deposit, it means the amount you need to borrow is less, resulting in a lower LTV ratio. Related Articles. An ex council flat will cost me 142k. :-) So not all bad news. Can I get a mortgage after an IVA? Having an IVA doesn’t mean you can’t get a mortgage! But it does mean you may not be considered for the lowest mortgage rates. Any redundancy payment will normally have to be paid into your Arrangement as a windfall. Whilst your IVA will be removed from your credit file after six years, you may still need to declare it to potential lenders after this time if you wish to apply for further credit. As a rule of thumb, an average 3-5 year old car normally costs around £350/year (£30/mth) to repair. Apply for an IVA. In this article, we’ll explore IVAs and mortgages, including what an IVA does to your credit file, how having. You can get a mortgage after an IVA, and some lenders may accept you during your IVA. BillyWilly_2 Posts: 39. As stated previously, rebuilding credit after an IVA is crucial to get a mortgage again. Share. When you are completing a mortgage application, you are legally obliged to declare an IVA even if your lender doesn’t ask. When you are completing a mortgage application, you are legally obliged to declare an IVA even if your lender doesn’t ask. Apply for an IVA. Any cash lump sum you receive after the mortgage any any other costs are paid, will be yours to keep. As with forgotten debt, your IVA company has the option of simply adding any new balance which is less than 10% of the amount already in the Arrangement. Make sure all payments on your IVA were made on time. Get Help and Support. It is used by over 4000 individuals each month to resolve their debt problems. The things to consider if you can't pay your IVA. If you need debt advice we can help. If you need debt advice we can help. Give us a call (0800 011 4712) or complete the form below and we will call you. Applying for a mortgage after an IVA. Order new checks by calling our Customer Service Department at 855. It is simply a standard that has become widely accepted by creditors. 09. The advice is free and confidential. Thanks for replying. However you will be allowed to keep the equivalent of 6 months take home pay to maintain your living expenses and IVA payments while looking for another job. The reason is that if the record remains on your file (even if after have your completion certificate), it will impossible to get a right to buy mortgage. Risk Factors For Mortgage With An IVA Considered By Lenders 1. It is very important that you get your Certificate as soon as possible after you finish. An IVA wrecks your credit record for at least six years. Secured debts cannot go into an IVA. The agreement will state that where extra funds allow, you have to pay back 100% of the. Apply now. Calls from mobiles may be chargedIf you need debt advice we can help. are two that consider applications 3 years after IVA completion. It can be longer than six years if your IVA doesn’t complete within the 6 years, perhaps because you have had payment breaks. Like I said we did remortgage to finish IVA early as due to change in circumstances we would have had to stop paying IVA after 3 years and £26k was paid, it was not easy we had a good mortgage guy but 2 days before completion the deal was pulled, it was awful but in the end got sorted but was just the time last year when a lot of lenders. However, if you do owe them money (particularly if this debt is going to be included in your IVA), you will need to open a new account. They will then update your credit file to show. Directly following an IVA, you should expect to raise a maximum 75% IVA. Calls from mobiles may be chargedIf you need debt advice we can help. The main thing to understand about these companies is that their interest charges are far higher than. The Nominee fee is to cover the cost of making the agreement with your creditors. Speak to an IVA Expert. After making the final payment of your IVA, you will receive a completion certificate. Most mortgage lenders don’t like applicants to have an IVA on their credit file because it signals to them you’ve had credit issues in the past. When it comes to getting a mortgage after an IVA, taking the time to wait until your credit score has improved can allow you to distance. These specialist lenders are often referred to as: adverse mortgage lenders. Sufficient money is added to your expenses budget to enable you to keep paying. Can you choose where your IVA is moved to? You don’t have any say in where where your IVA is transferred after your IVA company has closed. It will not be extended as long as your monthly payments are reasonable. How long does an IVA last; Credit Rating and an IVA; Bank Account and an IVA; What happens to my house in an IVA; Job and an IVA; Car and an IVA; Who is told about my IVA; Debt Payments and an IVA; Already in an IVA. Calls from mobiles may be chargedIf you need debt advice we can help. Calls from mobiles may be chargedYes, there is life after an IVA, and a few people I know have managed to get mortgages, one from a high street lender. My name is Marija, and. Hi all. Getting a mortgage after IVA is a long process it almost takes 6 years to remove it from your credit profile because first you have to pay your debt for which you. It can last longer though if you need to make up for missed or reduced payments. As an example. Menu. Instilling healthy financial habits are necessary to truly rebuild your credit after a foreclosure, such as: Make consistent, on-time payments. The other crucial factor will be the amount you earn. If you are struggling to pay your IVA, we can explain your options. It was designed to help business and professional people deal with debts in such a way that they would make a better return to their creditors than would be the case if they went bankrupt and were then unable to work. It is a statement by your Insolvency Practitioner that they are no longer acting as the Supervisor of the Arrangement. If the total debt included is £50,000 then £32,000 will be left at the end. Apply for an IVA. Talk to an IVA Expert. An IVA goes on your credit file and brings down your credit score. I have to pay the rest of my mortgage of 15k + Solicitors 3k + Estate agents 2,500k. Your first impression of going bankrupt will probably be that it is a bad idea. 14 Nov 2019 Although specialist. The process of getting a remortgage after an IVA can be quite straightforward if you are working with a specialist adviser. When the IVA agreement comes to an end, you'll be free from the commitments to your creditors. Manage Your Existing Mortgage. Getting a mortgage after an IVA can be a complex process, but with careful planning and preparation, it’s an achievable goal. Yorkshire Bank – Ready Cash. There are specialist lenders who will consider your application, but this is likely to be an. As long as it remains on your credit report, potential lenders may be put off by its presence. Give us a call (0800 011 4712) or complete the form below. Firstly, you will no longer have to make ongoing monthly payments. However, some mortgage brokers I have spoken to have told me that 3 years after the completion date (so September 20), I may well be considered for a mortgage. However, it is highly unlikely you will need a specialist lender by the time your IVA ends so. An IVA allows you stop making debt payments to your unsecured creditors (as long as they are included in the Arrangement). Understanding our situation following the completion of the IVA almost two years ago was a breath of fresh air where everyone else seemed to want to say we. This is called a full and final settlement IVA. If you have been the Arrangement for less than 2 years you could borrow up to 75% of the value of your property. or until it is completed, whichever is later. How to Get a Mortgage with an IVA? Your Complete Guide. Get mortgage after IVA. The amount of debt written off. What you are left with is your disposable income. Get mortgage after IVA. I kept my head down for a further 3 years until the IVA disappeared off my credit report and I am now in a situation where I have a near perfect credit score and sizeable deposit for a new house. Share. Calls from mobiles may be chargedIf you need debt advice we can help. We act as an IVA Mortgage broker and lender offering home loans at upto 85% LTV. I have tried asking the IVA staff but they just tell me they will email the right dept. Even after that time if a lender asks you if you’ve ever been subject to an IVA, you must answer honestly. Mortgage applicants who have fully satisfied the terms of their IVA and are in possession of a completion certificate are far more likely to be considered for a mortgage, although you should bear in mind that you will have less options available. Our IVA is due to complete in April this year after 6 years. In this scenario, the Arrangement should last the standard 5 year period. POP over to where there is a lively forum and you can. Tweet. Call us (0800 011 4712) or complete the form below. This is called a full and final settlement IVA. Whether or not you have been overpaid housing benefit, Universal Credit, tax credits or other benefits, the debt owed can go into the Arrangement. Creditfix > Debt Solutions > IVA (Individual Voluntary Arrangement) Help & Advice. However, your options will be severely restricted until the. Please could you advise me with this situation. Getting a Mortgage after an IVA; Want further help and advice? Give us a call (0800 077 6180) or complete the form below to speak to one of our experts. An individual voluntary arrangement (IVA) usually stays on your credit report for six years from the date it was approved. Getting a mortgage with an IVA is difficult, but not impossible. Calm, Professional and reassuring bankruptcy service. They will then decide if a reduction of your payments is necessary. However, it is highly unlikely you will need a specialist lender by the time your IVA ends so. The role of the insolvency practitioner is to examine. Give us a call (0800 011 4712) or complete the form at the bottom of this page. The government schemes which you may be eligible for include: Lifetime ISA – gives you a government bonus of £1,000 if you save the maximum £4,000 a year. The simple answer is, yes. Your partner may now pay half of the rent, council tax and utility bills. If you start an IVA this will have a negative affect on your credit rating and therefore you may not be able to get the best remortgage deal on the highstreet. An IVA is a type of agreement between you and your creditors. Complete a personal budget to see how much spare income you have to pay into an IVA. Calls from mobiles may be chargedHi all I entered into my IVA in Dec 2005 and received my Certificate of Completion in Feb 2011. You need to ensure you have enough to live off before starting the agreement. An individual voluntary arrangement (IVA) will affect your credit rating because it will be recorded on your credit file. As a result, it will not be easy to get car finance. Your Name* Contact Number* Email Address*The first sentence of the Grant Thornton PPI letter is as follows: “As your Supervisor, our main purpose is helping you to complete your IVA”. Selling a property you own. At CLS Money, we work with a number of specialist mortgage lenders who are willing to offer a mortgage to a borrower who has or previously had an IVA. uk. Advice Help and Support. Who are BeatMyDebt. You can get a mortgage after going bankrupt just as easily and in the same timescales as after an IVA. If you get any windfall income that is smaller than £500, it shall not be usually paid towards the IVA agreement. The main reasons why an IVA could fail. This will normally be 6-8 weeks after you have made your final payment. 0800 077 6180. Already in IVA 46 Pay IVA Early 8. Calls from mobiles may be chargedIf you need debt advice we can help. PPI compensation may have to be paid into your arrangement even if it is completed – if the PPI is for a debt that was prior to your IVA starting. Posts: 8 Joined: Wed May 22, 2019 7:30 am. The banks on the list below provide basic bank accounts and should be able to help you: Barclays – Basic Account. Getting a. What are the first steps to take? The first thing you need to get is your IVA completion certificate which should be signed by your Insolvency Practitioner. Most mainstream lenders require a minimum of two to four years to have passed since the IVA was satisfied. Speak to an IVA Expert. It normally lasts for 5-6 years. To find out how we can help, call us on 0300 124 5655 or complete our enquiry form to speak to an IVA mortgage expert. Yes, just as there are options for getting a new mortgage after an IVA, you should be able to remortgage too. You should not have to make up payments missed due to a break by increasing your ongoing payments. Calls from mobiles may be chargedIndividual Voluntary Arrangement (IVA) Debt Management Plan (DMP) IVAs normally last for five years. When you reach the 5th anniversary date (28. If you are a home owner your IVA agreement will usually require you to try and release equity from your property. 5. They are allowed to do this under the banking off-set rules. The result of this, you could end up paying back £1000s more than you originally owed. An Individual Voluntary Arrangement (IVA) is a legally binding agreement between an individual and their creditors. What is an IVA Completion Certificate? An IVA Completion Certificate is an important document. Mortgage Enquiries 0161 763 0301Once the Arrangement is over buying a property then becomes an option. As such these are recognised as allowable in an IVA living expenses budget. Where you have more than £5000 of equity in your property, you will normally have to sign up to an IVA equity release clause. If you make mis sold PPI claims after your IVA has finished the bank may simply send you a cheque for any compensation due. Calls from mobiles may be chargedIf you need debt advice we can help. However if possible it is often better to do so before starting the Arrangement or waiting until it is over. However, there are some lenders that will consider your application immediately as long as you have a sufficient deposit. IVAs are arranged by StepChange Voluntary Arrangements, part of StepChange Debt Charity. It normally takes 6-8 weeks to agree an early settlement of your IVA. Getting a mortgage after an IVA isn’t a simple process. We can help you implement an IVA. Given this if you start an IVA you do not have to offer your creditors any money from your pension as part of the Arrangement. If you have a house, your IVA firm will remove the restriction placed at the Land Registry so. An IVA may be a suitable solution for you if you have: money available every month to pay towards your debts; a lump sum or assets that could be included; or; a combination of spare money each month and assets or a lump sum. The reason is that if the record remains on your file (even if after have your completion certificate), it will impossible to get a right to buy mortgage. This is a very important document that serves as evidence that the repayments have been made in full and no outstanding loans remain. A mortgage adviser will fully assess your requirements before making a mortgage recommendation. It may also be extended, generally to six years, if you’re a homeowner. You can get a mortgage after you completed an IVA. Get mortgage after IVA. You will normally pay back less than the amount you owe. No one is likely to find out about your situation unless you choose to tell them. E. The first thing you’ll need from your Insolvency Practitioner (IP) is your IVA Completion Certificate. IVA Mortgage Expert are here to help you own your own home. You make reduced payments for an agreed length of time. An IVA is only available if you live in England, Northern Ireland or Wales. This document will normally be sent to you by your Insolvency Practitioner (IP) 6-8 weeks after your final payment is made. Windfalls of less than £500 are not typically taken to pay an IVA, but until a certificate of completion is signed by your IP, any amount of any windfall may be demanded in order to pay down the debt. Time required for Creditor Meeting. You can apply for a Mortgage after an IVA. Calls from mobiles may be chargedIf you need debt advice we can help. Your IVA company may not agree to all of your cost of living increase claims. Basically, they are treated in the same way as any other debt you owe. CarolTeddy Posts: 3 Newbie. However if you include expenditure budgets which are unreasonably high these will be. Immediately After Completion: Some specialist lenders might consider a mortgage application immediately after the IVA has been completed. 75%, and the completion fee of £1,295 can be added to the mortgage. I'm really hoping we will be able to get a mortgage. It is very important that you get your Certificate as soon as possible after you finish. Find out how to get an mortgage after an IVA. I started my IVA with Payplan in November 2009 & my final payment was November 2014 :j im now awaiting my completion certificate, my IVA is the only bad thing on my Credit reports. Applying for a mortgage with Clever Mortgage's and speak to a broker allows you to get the help and advice needed to get. by Marija Petkova. At NDH Financial, our IVAs usually last for 60 months (five years). Foggy wrote: You could get a mortgage before your completion certificate, but lenders will be few and far between and rates will be eye watering.