www.iva.co.uk

If you didn't have an equity release clause in your IVA, as you didn't have a house when you started the IVA, if you buy a house (IF you can get a mortgage.... some chance at the moment hey) would your creditors insist on a variation?

I know it's all hypothetical and there's no chance of me finding the necessary deposit at the moment but personally i'm hoping house prices crash as much as possible giving me every chance.. I earn enough but the IVA is obviously the problem.

Cheers
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I don't know how it works, just watching the news now, it really is all doom and gloom for home owners. I'm sure an expert will advise you. Viki X

That is very unlikely, but your IP will want to know where the money came from to fund the deposit on the property if you do go ahead and buy - and you will need the Supervisor's permission for this as a mortgage is a form of additional credit.

Thanks for this.

In all probability it would be the bank of dad lol.

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