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Once you have finished the agreed time and payments, are you able to get a mortgage in the future?

Hi sol and welcome

Are you talking about paying up your IVA? If this is correct, whilst you are in an IVA you are able to get a mortgage. However, your interest rates won't be as good as that which you will find on the high street, and you will need at least 15% deposit as being in an IVA, most lenders will only offer 85% LTV.

You will be able to get a mortgage at the end of your IVA as well.

Sue

Ho Hum! Think I'll bang my drum!

Absolutely - having been in a structured repayment plan for five years actually shows creditworthiness in a strange sort of way, but you can expect to be penalised on interest rates for at least two years following the completion of your arrangement. Do shop around for a good deal, as some mortgage providers are less sensitive to this than others.

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