is it possible to get a mortgage while in an IVA ?

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seller.s

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Post by seller.s » Wed Aug 13, 2008 4:51 pm
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Is it possible to get a mortgage again whilst still in an IVA and can you recommend who to contact?
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plasticdaft

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Post by plasticdaft » Wed Aug 13, 2008 5:23 pm
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It is possible but you wont be able to get anywhere near as good a rate as from the high street and you will only be able to borrow about 75-80% of the value of the property. Brightoak is a company that many on here recommend but I have no personal experience of them.
Discharged today the 8th feb 2012. View is much brighter now.
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Viki.W

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Post by Viki.W » Wed Aug 13, 2008 5:28 pm
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Hey seller, welcome to the forum. It would be quite difficult but not impossible. Don't forget, you would need a /partner/family member/friend to fund the deposit and fees. You could try talking to Andrew Graveson from www.brightoak.co.uk He comes highly recommended. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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MelanieGiles

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Post by MelanieGiles » Wed Aug 13, 2008 5:49 pm
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I know Andrew very well and would not hesitate to recommend his services as a mortgage broker to anyone - but even he will tell you that the marketplace for mortgages for people in IVAs is very tough at the moment.
Regards, Melanie Giles, Insolvency Practitioner
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seller.s

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Post by seller.s » Wed Aug 13, 2008 6:33 pm
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Thanks for your replies. My mortgage fixed rate doesn't run out until 2011 so I was just seeing what the options were. Thanks for your replies
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