Funds for settlement

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mazzamac

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Post by mazzamac » Fri Dec 27, 2013 9:34 am
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Having read through a few posts can someone clarify that that you CANNOT remortgage remortgage or take out aa secured loan in order to settle the IVA as full and final settlement ?

Thanks in advance
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Adam Davies

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Post by Adam Davies » Fri Dec 27, 2013 9:42 am
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Hi

You can take a a remortgage/secured loan to settle an IVA if your creditors agree to it

Regards
Andam Davies
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mazzamac

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Post by mazzamac » Fri Dec 27, 2013 9:47 am
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Thanks Andy
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Foggy

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Post by Foggy » Fri Dec 27, 2013 11:05 am
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...and, of course, if you can find a suitable lender. If someone will lend, whilst you are in an IVA, it will be an a penal interest rate, which you will be stuck with for quite a few years when you MIGHT, after your credit history clears up, be able to remortgage again to a better rate.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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mazzamac

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Post by mazzamac » Fri Dec 27, 2013 1:01 pm
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Thanks foggy
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