getting a mortgage if I enter into an iva

2 posts Page 1 of 1
Post Reply
 
 

jb_d

User avatar
Posts: 1
Joined: Fri May 11, 2007 10:46 pm
Location:
Post by jb_d » Fri May 11, 2007 10:48 pm
Quote
If i enter into an iva how long will it be before i can get a mortgage and how what penalties will i incur
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Fri May 11, 2007 11:00 pm
Quote
Hi jbd and welcome to the forum

That depends upon the individual lenders you approach, but it is fairly easy to get a mortgage these days whilst in an IVA - you will of course pay a higher interest rate as you represent a higher risk. Welshboy who regularly posts on the forum can probably give you better advice, as he is a mortgage broker working primarily in the adverse credit sector.

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
Top
Post Reply
2 posts Page 1 of 1
Return to “IVA postbag for may”