my chances of obtaining a mortgage

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johnnym

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Post by johnnym » Wed Feb 28, 2007 6:27 pm
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If enter into an IVA how will it affect my chances of obtaining a mortgage if i move house in 3 months?
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neverending

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Post by neverending » Wed Feb 28, 2007 7:15 pm
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Hi
I would advise you to hold off on your IVA until you move.
Two reasons.
One is that you will get a better mortgage deal
Secondly you will know how much your living costs will be and thus your disposible income.
It really will be better for you to wait.
Andy Davie
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MelanieGiles

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Post by MelanieGiles » Wed Feb 28, 2007 10:19 pm
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This is absolutely good advice - your IP will probably not entertain a house purchase so soon after the IVA has been accepted, and you will get a much better deal now whan when you are already subject to an IVA.

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
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