Hi my question is if I have an active mortgage and two secured loans which are not part of the iva I have, my credit rating should continue to grow so would it be possible to get a new mortgage and sell my house while still on the iva plan as I'm already paying one and they can see it's still been paid along with the 2 secures loans would they still decline because there's an iva in place
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
What you could consider is raising funds through a remortgage or second charge in order to raise funds to make an offer of 'full and final' settlement to your creditors. If successful you would then be able to sell the property and keep any remaining equity. If you are hoping to take a new mortgage to buy a new house after that then your options may be limited but it's not impossible, depending on your other circumstances.