I have done a lump sum IVA. It has completed but as expected will be on my credit report for the next 6 years. I have been off work due to a family member having had terminal cancer and helping deal with this and my subsequent mental health issues. I am considering returning to my work however I work as a mortgage advisor and am aware that this can/will affect my ability to work. Is anyone aware if it is a company decision or FCA decision as to wether I can continue to work in this area? Thanks
It will be down to any professional bodies you or your employing company may belong to, as far as I am aware. But, it is not a foregone conclusion that you are unsuitable. I have known of those with an IVA in their past, and, indeed, in one case, a bankruptcy, who have returned to the financial industry.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk
Firstly I'm sorry to hear your family news which always puts these things in perspective. In answer to your question, it is quite categorically a firm decision. The only requirement of the FCA is that the firm are able to evidence that you are fit and proper to perform the task, and set a level of supervision appropriate to the circumstances. From a personal point of view, because we specialise in helping people who have experienced previous financial difficulties obtain a mortgage, people in your situation very often prove to be the best Advisers because they can relate better to many customers. Best of luck with it.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.