Posted: Fri May 11, 2007 10:48 pm
If i enter into an iva how long will it be before i can get a mortgage and how what penalties will i incur
Hi jbd and welcome to the forum
That depends upon the individual lenders you approach, but it is fairly easy to get a mortgage these days whilst in an IVA - you will of course pay a higher interest rate as you represent a higher risk. Welshboy who regularly posts on the forum can probably give you better advice, as he is a mortgage broker working primarily in the adverse credit sector.
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