Page 1 of 1
Posted: Sat Apr 14, 2007 8:36 pm
by g.g
Can I apply for a mortgage if I allready have an IVA?
Posted: Sat Apr 14, 2007 9:04 pm
by Welsh Boy
g.g
As long as it is acceptable to your IP there is no reason why you can`t apply for a mortgage whilst in an IVA .-Tony
Posted: Sun Apr 15, 2007 1:22 am
by MelanieGiles
Hi gg and welcome to the forum
Your IP may well permit a mortgage, providing that this does not affect your ability to make your IVA payments. As you will not be offered a 100% loan to value mortgage, you will need to have at least a 10% deposit available to put down on the property, and in many cases this can increase to 15%. Do you have these funds available, and if so where have they come from?
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