Posted: Thu Apr 19, 2007 7:01 pm
Can you still take out a mortgage at some point during the 5 years period and will it affcet the monthly repayments as circumstance will have changed?
Hi
Yes you can still take out a mortgage but you will need your IPs permission and the deposit will need to come from a third party[by way of a gift]Also your new mortgage payments must be similar to your present mortgage or rent payments so that it does not affect your ability to pay your IVA.
Regards
Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)
Please check out my blog: http://andydavie.blogs.iva.co.uk
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http://www.iva.co.uk/andy_davie_profile.asp