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I notice that it is possible to change/gain a new mortgage with IVA status. Is it also allowed that a person can move house during the insovency period?

Hi Laura

The answer to that is yes, providing that your move does not prejudice the IVA in any shape or form. For intance if you own your property, and have an equity release provision during the fourth or final year, you cannot sell and keep the equity money and then buy a smaller property or go into rented accomodation. So the equity provision is transferable from property to property.

Also if you are renting a property, you could only move to another property if the rental level was similar, so as not to disturb your disposable income.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

How and where are you going to get a mortgage we tried couldnt get one?

You need to speak to a mortgage broker - someone on this forum will recommend one or two shortly.

Andrew Graveson is highly recommended by people on this forum