I am halfway through an IVA and i am a homeowner. I have a joint mortgage with my friend but we are now both looking to settle down with our partners and sell the house we currently live in. My question is, if i sell my current property will i then struggle to obtain another mortgage given that i am still 3 years from completing my IVA? I have never attempted to apply for credit whilst my IVA has been running. The IVA was a 6 year one just for your information. Thanks
As foggy suggests gaining a new mortgage whilst in an iva will be very difficult, if not impossible. Have a chat to one of the mortgage brokers on the forum who are the experts in these situations - they may be able to share some further advice that we are unaware of. Their contact details can be found via this link http://www.iva.co.uk/forum/forum_experts.asp
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