A shared ownership mortgage after an IVA is possible, but timing and criteria matter. You can’t apply during an active IVA, but some specialist lenders may consider you once it’s settled — typically after at least three years. Because you buy a share, shared ownership reduces the deposit and borrowing required, making it a realistic route back onto the ladder.
What Is an IVA and How Does It Affect Your Credit?
An Individual Voluntary Arrangement (IVA) is a legally binding agreement to repay debts over time. It stays on your credit file for six years from the start date. While it’s active, lenders won’t consider applications; after it ends, most still want to see a solid period of stability before lending.
Can You Get Shared Ownership During an IVA?
No. Applications aren’t accepted while your IVA is active. It must be fully completed/settled first.
How Long After an IVA Do Lenders Consider You?
- Under 3 years since settlement: unlikely — most lenders will ask you to wait.
- 3+ years since settlement: a handful of specialist lenders may consider you, especially with clean recent conduct and strong affordability.
Do You Need a Deposit After an IVA?
Some specialist lenders that accept past IVAs can lend up to 100% of your share, so no deposit may be needed with the lender. However, many housing associations still ask for a minimum 5% deposit of the share. Savings always strengthen your case and help with fees.
How to Improve Your Chances After an IVA
- Ensure at least 3 years have passed since the IVA was settled.
- Check your credit files show the IVA as satisfied/settled.
- Build clean conduct: no missed payments, stable income.
- Save a small deposit (many HAs ask for 5%).
- Use a specialist broker — only a few lenders consider post-IVA cases.
“I’d had an IVA and assumed I’d never be approved. Honest Mortgages explained the timeline and helped me plan — I’m now in my first home.”
— Client review
FAQs – Shared Ownership and IVAs
Can I get shared ownership while still in an IVA?
No — lenders won’t accept applications until the IVA is fully settled.
How long after an IVA can I apply?
Most lenders want at least 3 years since settlement, plus clean recent conduct.
Do I need a deposit after an IVA?
Not always with lenders (some go to 100% of your share), but many housing associations still require a 5% minimum.
Will the IVA still show on my credit file?
It appears for six years from the start date. Even after it drops off, lenders may still ask about past issues.
