I'm in an IVA at the moment (approx 7 months) but I would like to explore the opportunity of getting a mortgage or going into a 50% ownership property, I've done a bit of swift googling and it looks as there are some high interest/off the high street mortgage brokers that would potentially help? Is this something that could happen or do I need to fulfill the IVA first before I look into this?
At the moment I would say no as you have only just started your IVA. If you could find an adverse lender the interest rates would be eye wateringly high.
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
Feel free to contact us to discuss your situation. You would probably have to clear your IVA as part of the process to be able to obtain a Mortgage and you'd require a large deposit (around 30%) to purchase a property - schemes such as Shared ownership may not be an option unfortunately until 6 years after the IVA began.
Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre
IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?
