Hi, I'm planning to start an IVA. I know it doesn't involve secure debt, however I have a property and my mortgage is on discounted rate until July 2010. After that I want to remortgage with different bank to get better rate. Is IVA going to have an effect on my application? Is mortgage company like...

Thanks. I'm not planning to go for it yet, i just want to find out if I have to, I need to be in arreas to formally start the process or can I start it once I feel I can not cope with payments anymore?

When is the time to start an IVA process? Do I have to be in arreas already or should I start when still making payments and my credit score is good?