a mortgage if I allready have an IVA

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g.g

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Post by g.g » Sat Apr 14, 2007 8:36 pm
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Can I apply for a mortgage if I allready have an IVA?
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Welsh Boy

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Post by Welsh Boy » Sat Apr 14, 2007 9:04 pm
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g.g

As long as it is acceptable to your IP there is no reason why you can`t apply for a mortgage whilst in an IVA .-Tony
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MelanieGiles

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Post by MelanieGiles » Sun Apr 15, 2007 1:22 am
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Hi gg and welcome to the forum

Your IP may well permit a mortgage, providing that this does not affect your ability to make your IVA payments. As you will not be offered a 100% loan to value mortgage, you will need to have at least a 10% deposit available to put down on the property, and in many cases this can increase to 15%. Do you have these funds available, and if so where have they come from?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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