If you’ve waited for your IVA to be removed from your credit report and improved your credit score, depending on your financial situation, you might be able to get a mortgage with as little as 5% or 10% deposit through a specialist lender. (source) The larger the deposit you manage to save after an IVA, the more chance you have of being accepted for a mortgage with better rates, this is because lenders view larger deposits as a less risky investment. If you’ve been paying an IVA for several years, you’ll be used to budgeting to pay the monthly sum, once your IVA has been settled you could use the money to save towards a deposit instead, especially if you’re seeking a mortgage fairly soon after your IVA has been completed. To access the best rates and products after an IVA, it’s best to save up as much as possible for your deposit before applying for a mortgage, you could save as little as 5% but a 15%-25% deposit will give you a greater chance of being accepted for a mortgage with lower interest rates and better deals. As most lenders will ask you disclose previous credit agreements like an IVA, a larger deposit will help the lender view you as a less risky investment after your previous financial problems and increase the chances of a lender offering a more attractive deal.