Individual Voluntary Arrangements - IVA (Years since registered)

Our standard acceptability

6

Criteria definition:

Displays if we accept Buy to Let applications from borrowers who have had an IVA and if so how many years ago it must have been registered. An IVA is registered when a payment plan is agreed with the creditors. 

IMPORTANT NOTE: An IVA usually stays on the credit file for 6 years from the date it was REGISTERED not from the date it was satisfied which typically occurs 5 years after the date the IVA was entered into (the registered date). This is important because some lenders will specify how long it must have been satisfied for and others will use how long ago it was registered. 

This criteria displays how long ago it must have been registered so you must read the policy notes carefully to check if the lender specifies how long ago it must have been satisfied as well.

Policy Notes:

We will look at satisfied IVAs only three years from when they are satisfied.

Warning Notes:

We will look at satisfied IVAs only three years from when they are satisfied. Multiple examples of adverse credit will result in applications being declined even if over this time period

Criteria categories:
  • Adverse
  • IVAs and Bankruptcy

Last updated:

29 August 2018