can I get a mortgage, pay off the balance of IVA

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edu

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Post by edu » Sat Jun 16, 2007 9:37 pm
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I HAVE IVA NOW FOR 3YEARS, CAN I GET A MORTGAGE,PAY OFF THE BALANCE OF MY IVA?
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Skippy

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Post by Skippy » Sat Jun 16, 2007 9:41 pm
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Hi Edu and welcome to the forum. Do you already own a property, and if so is there an equity release in your IVA?

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Welsh Boy

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Post by Welsh Boy » Mon Jun 18, 2007 3:53 pm
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Edu

If you speak with your IP and it is acceptable to them then you can apply for a mortgage whilst in an IVA, and each case is reviewed on it`s own merits . If you already own a property then you could possibly remortgage your existing property, if you wish to purchase you would certainly need a deposit of between 10-15% of the property value. Hope this helps-Tony
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