able to get a mortgage or be able to rent a flat?

[carol.g]

would I still be able to get a mortgage or be able to rent a flat?

[MelanieGiles]

Hi Carol and welcome to the forum

I assume that you mean if you were to enter into an IVA, so the answer is generally yes, but obviously dependent upon your own specific circumstances.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Andrew Graveson]

I agree with Melanie on this; it's possible but will be determined by your unique personal circumstances.

Please remember that if you are in an IVA you will need a deposit of at least 10% to buy a home (in the current mortgage market).

Andrew Graveson
Mortgage Broker & Bright Oak Debt Management
andrew@brightoak.co.uk
www.brightoak.co.uk

[ray_a]

On the rental side it will depend on whether you are ina n IVa and if you could let us know then we can assist you.

Good Luck

[slt]

Hi there

My property is on the market and I have a clause added into my IVA that in the 4th year I will remortgage and give a lump sum. BUT....I cannot get hold of my IP to ask if this is all there is as I called a general helpline and the lady said under no circs will I be able to sell property and only pay the clause figure but pay every single penny left over from what little bit of equity will be left!! Very confused as contract I signed does say the £2k and thats all!!!!

HELP PLEASE

Sarah

[MelanieGiles]

Answered on your other post!

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp