good evening. i have just been chatting to online mortgage advisor to see weather i would be given a mortgage if it was agreed with debt free direct. i was told that i could be given a mortgage for 15% deposit of the property value. if i had that kind of cash i would pay my iva off. it makes me ques...

Good morning bilen, Welcome to the forum. The procedure does allow the terms of the IVA to be varied to reflect a change in circumstances provided the creditors agree. It’s important that this doesn’t happen too quickly after the start of your IVA because you won’t have had the chance to demonstrat...

Hi bilen and welcome to the forum You would need to have at least a 10% to 15% deposit to purchase a property, and would have to get a sub-prime lender who would charge you a higher rate of interest. I do not feel that you would get much of a mortgage for £400 per month, so this is probably better ...

hi myself and my wife have been on an iva since late lat year. we pay £250 a month, my rent is £400 a month as well other payment such as council tax & tv licence, school holidays etc a month on a £750 wages a month. we really want a mortgage. is their anything we could do as i feel too ashamed to a...