Finding a mortgage with a poor credit history is difficult and has to be approached very carefully because of the shortage of lenders available in this market. Having the advice of a qualified Poor Credit Mortgage Broker will greatly enhance your chances. With only a few sub prime lenders to choose from, getting it right first time is very important.

Steven Neale – Specialist Bad Credit Mortgage Broker

Our experience as first time buyers was simply exceptional! We have been guided through the mortgage process and buying our first home has been an easy journey thanks to your professionalism and efficiency.

13th Jan 2022

After thinking I was going to lose the new home I had fallen in love with, Steven worked hard with me and understood my circumstances. I was at the point of nearly giving up and within 4 weeks I had a full mortgage offer. Thank you for making my dreams come true. I would highly recommend your services. Absolutely no bull or jargon.

T Jones
10th Jan 2022

The service we have received has been amazing. We were kept up to date every step of the way. Honestly, the relief on my face when I received your email with the mortgage offer was priceless. I can not thank you both enough you are both amazing at what you do. We can not thank you enough for everything, Thank you so much, you have made our dreams a reality.

4th Nov 2021

Thank you foremost for choosing to specialise in adverse credit services for people. All we read online is that it is not possible or easy to get any form of credit when you have or settle an IVA and I’m so glad I kept looking and found you. You have helped us more than you’ll ever realise. We are so happy to have a chance to start again and be able to remain on the property ladder, all thanks to you.

1st Nov 2021

I would highly recommend Steve and Sue. Getting a mortgage seemed to be difficult for me at first when speaking to another advisor, I very nearly gave up due to the lack of effort and communication. Once we got in touch with Steve everything fell into place. Both Steve and Sue were very professional and informative throughout the process.

27th Jan 2022

Steven & Sue have been absolutely amazing through the whole process – extremely calm, organised and helpful. We will definitely be using them in the future and would highly recommend them to family & friends.

20th Sept 2021

Steve and Sue have been absolutely amazing. I was really worried about my financial history meaning I wouldn’t be able to get a mortgage but they were nothing but supportive and non-judgemental, always available to explain things and answer questions as well as extremely efficient.

18th Jan 2022

The professionalism of Steve and Sue is second to none. We were advised of our options and guided through the application process every step of the way. The big thing for us was the personal touch and relationship we built. My wife and I both agreed it felt like Steve and Sue are so motivated because they actually want to help. Probably the best professional service I have ever used so if you find yourself in need of a specialist mortgage broker look no further. Great service great people.

28th March 2022

Struggling to ‘get back’ on the housing ladder after 15 years and being ‘self-employed’ was proving near enough impossible, until we found Steve & Sue. They found us a lender that would use my ‘day-rate’ rather than the usual ‘self-assessment’ and even though there was stumbling blocks along the way, they get us over the line with a ‘mortgage offer’! We can’t thank them enough and would definitely have no hesitation in using them again!

28th July 2021

A fantastic service provided by SN Mortgages once again. Highly recommend SN Mortgages, they have been brilliant at finding the best rates for us, keeping in regular communication and quite frankly achieving the impossible! Where other brokers fail to come back to us or could not find a deal, SN would always go the extra mile and revert back. Thank you so much!

22nd July 2021

We are so grateful to Sue and Steve for all their effort in helping us get our mortgage. Their knowledge and clear love of their job shines through and they have been on hand to answer all our questions no matter how silly or small. They have clearly explained everything from start to finish which has made us feel so much more at ease throughout the whole process. We can’t recommend them enough!

1st July 2021

Mortgage with IVA

Stop press ; 80% loan to value mortgages available the day after your IVA is settled! (28th January 2022)

Can I get a mortgage with or after an IVA?

Yes you can!

Getting a mortgage with or after an Individual Voluntary Arrangement (IVA), can be difficult, and very unlikely to be accepted with any high street lenders. However, I’ve helped many customers over the years with IVAs to find a mortgage. Success will come from understanding the lender’s criteria for IVAs, as well as other credit issues, and finding the right lender for your particular situation – this is where a specialist broker such as myself comes in.

Does my IVA have to be cleared to get a mortgage?

Although it will help to have your IVA cleared, there are lenders who will still offer you a mortgage if your IVA has not yet been cleared in full. 

The majority of lenders would not lend to you until you have been discharged from your IVA for at least 3 years, with some wanting it cleared for 6 years. However, I know of lenders willing to consider you even if you are still in the IVA and one where it does not have to be cleared.

How much can I borrow with an IVA?

  • 95% if the IVA started over 6 years ago and is finished.
  • 90% if the IVA finished over 3 years ago
  • 80% – the day after the IVA is cleared
  • 75% – but the IVA must be satisfied before Completion and available for Help To Buy
  • 70% – and your IVA does not have to be cleared. Available for Help To Buy but your IVA must be cleared before completion.

I know of other lenders that have variations on the above criteria so please call me to discuss if you could get a mortgage.

Governments Help to Buy (H2B) scheme with only a 5% deposit!

I have a lender that will lend on the Government’s Help to Buy scheme where you only need a 5% deposit and the Government puts in 20% and I arrange a mortgage for the remaining 75% of the property’s value. The IVA must have been satisfied for at least 12 months. If your IVA has been satisfied for less than 12 months, that is OK however you would have to put down a 10% deposit.

How long after an IVA can I get a mortgage?

It can be easy to get accepted for a mortgage if the IVA has been cleared for a few years. However there are lenders who would be willing to offer a mortgage with more recent IVAs registered on your credit file.

How long with an IVA stay on my credit file?

Like any other bad credit mark, your IVA will stay on your credit file for 6 years before dropping off. Of course, as you continue to pay off your IVA, the balance will be reduced and updated for any prospective lender to see you are clearing the debt.

Do I have to declare an IVA when applying for a mortgage?

In short, yes. Any debts must be declared when applying for a mortgage. It is incredibly important to be completely truthful when applying for a mortgage. In addition, the lender’s credit checks will almost certainly identify any debts registered to you, including an IVA if one is in place.

Should I remortgage to pay off an IVA?

If you have equity in your home, you could arrange a remortgage to clear your IVA early by offering a reduced settlement amount to your creditors. This could be quite a saving to you if your creditors are willing to accept a lower lump sum amount up front, instead of waiting 5 or 6 years to get their money. For example, if you owed £40,000 you could offer your creditors a lump sum final payment now of say £10,000 as a full & final payment saving you £30,000.

It also has the added benefit that your credit rating starts to improve quicker as you would no longer be in an IVA.

Getting a mortgage with an IVA

If you’re looking for Help to Buy (H2B) Mortgage advice when you have an IVA, I can help. Find out more on Help to Buy Mortgages with an IVA.

For more information on how I can help you find a mortgage after IVA, you have arrears, please call me on: 01494 526400 or complete my online Enquiry Form.


Years of Experience

I specialise in Bad Credit Mortgages for people who have a poor credit history because of any number of reasons.

Choice of Lenders

I am a Whole of Market, Mortgage Broker meaning I can talk to every lender to see about finding you the right mortgage.

Saving You Money

As a specialist Mortgage Broker for over 30 years I have a great deal of experience that will help save you time & money.