Looking to buy some land in Ireland

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1


User avatar
Posts: 2
Joined: Fri Nov 27, 2009 2:44 pm

Post by david.hl » Tue Sep 14, 2010 9:05 pm
I am currently in an IVA and we were looking to get some land in Ireland with a view to building and the moving over in a few years once the IVA has finished. What is the situation in regards getting a loan for this or re-mortgaging to pay for it while in an IVA? Is it allowed?


User avatar
Forum Expert
Posts: 76947
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Tue Sep 14, 2010 9:09 pm

It is highly unlikely that you will be allowed to buy any land whilst in an IVA. It is very doubtful that anyone would give you a loan or a mortgage.

I think this is something you will have to put on hold for a few years.
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.


User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am

Post by MelanieGiles » Tue Sep 14, 2010 10:26 pm
What benefit would your creditors derive from such a plan?
Regards, Melanie Giles, Insolvency Practitioner
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”