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Vicky.cr Posts: 1
Joined: Sun Aug 08, 2010 11:05 pm
Can you pay off you debts early even with an IVA in place, say for example if you sell your house?
Can you get a mortgage during the period of time you have an IVA set up?
MelanieGiles Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Hi there and welcome to the forum
Yes it is possible to pay your debts off early if funds become available. You can apply for a mortgage whilst in an IVA with your supervisor's permission, but these days you would need a substantial deposit - perhaps as much as 50% to put down.
Regards, Melanie Giles, Insolvency Practitioner
plasticdaft Posts: 9545
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom
Very difficult,dare I say impossible to secure a mortgage whilst in an IVA right now.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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