Individual Voluntary Arrangements - IVA (Years since registered)

Our standard acceptability


Criteria definition:

Displays if a lender accepts 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. For example a Buy to Let purchaser is looking to obtain a Buy to Let mortgage to fund a house purchase but entered into an IVA 6 years ago which consisted of a 5 year plan to repay the agreed amount to their creditors. The plan was successfully completed without any unsatisfactory conduct so their IVA has now been satisfied for 1 year and was registered 6 years ago. They approach their lender of choice who says that in order to be considered for a Buy to Let mortgage the IVA must have been registered at least 6 years ago and so on this occasion the person able to discuss the case further with the lender.

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