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Posted: Wed Feb 28, 2007 6:27 pm
by johnnym
If enter into an IVA how will it affect my chances of obtaining a mortgage if i move house in 3 months?
Posted: Wed Feb 28, 2007 7:15 pm
by neverending
Hi
I would advise you to hold off on your IVA until you move.
Two reasons.
One is that you will get a better mortgage deal
Secondly you will know how much your living costs will be and thus your disposible income.
It really will be better for you to wait.
Posted: Wed Feb 28, 2007 10:19 pm
by MelanieGiles
This is absolutely good advice - your IP will probably not entertain a house purchase so soon after the IVA has been accepted, and you will get a much better deal now whan when you are already subject to an IVA.
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