Hi, yes you can, provided everything else suits and it is the best solution for you.
You will be required to attempt to release equity in the final year, possibly extend the IVA by 12 extra payments, if this is not possible.
Some, newer, arrangements might require equity release by means of a secured loan, but this is not universal and should be discussed at length with several companies.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
It is very common for people going into an IVA to have a mortgage . Ours was not affected although the one restricting factor in and after an IVA is that you are not able to get another mortgage or extend the mortgage or even move house and take the mortgage with you.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by seagulls
It is very common for people going into an IVA to have a mortgage . Ours was not affected although the one restricting factor in and after an IVA is that you are not able to get another mortgage or extend the mortgage or even move house and take the mortgage with you.
I might add that the above is not a permanent problem and time does heal the situation, although the IVA will be a blight to some lenders.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Plus age as well which seems to be a major factor for lenders at the moment - 50+ seems to be an issue.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
