Hi,
Can we move house when we have just taken out an iva. Also, can we get married during the iva period. What happens if we get a bonus from work. Thanks
You can move house and get married during an IVA. Although you have to tighten your belt, you are allowed a life![:D]
You would have to check the conditions of your IVA, but usually overtime is anything over 10% of your normal wage, you pay 50% across and keep the other 50%.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi
You will need to ensure that moving will not affect your ability to pay your IVA.Also you will need permission of your IP if you need to use any of the equity in your house to fund a move.
Regards
I agree with what Andy has said, but you need to consider, if you can sell you house as well, but also even though not impossible to get a mortagage when in an IVA, but the interest rate will probably by higher than the average high street bank, could be up to as much as 7-10%
o also we got quoted a high intrest rate unrealistic.I assume you mean mortgage we also were told if we were to move the cost would have to not effect our payments what we make to the iva.
My girlfriend as a very good FA and he said while in an IVA the interest rate would be high, but once i know have my completion certificate, he thinks in 6 months time he can get me an interest rate lke any one else
