Shared ownership property and iva

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angela575
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Joined: Fri Jun 02, 2017 9:29 am
by angela575 » Fri Jun 02, 2017 9:29 am
Hi, can I get into a shared ownership property if I an on iva?

Thanks
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Lisa Thomas
Industry Expert
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by Lisa Thomas » Fri Jun 02, 2017 9:37 am
At present you will not be able to buy any property for likely 6 years due to your credit rating being ruined
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Ryan
Industry Expert
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Joined: Thu Nov 03, 2011 10:03 pm
by Ryan » Fri Jun 02, 2017 10:55 am
Hi Angela,

We do have access to Lenders who will consider lending during an IVA however, unfortunately they don't currently lend on shared ownership properties or under schemes such as Help to Buy.


Regards
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Foggy
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by Foggy » Sat Jun 03, 2017 3:30 pm
Even if you could find an agreeable lender, the implications would have to be discussed with your IP, especially, if the mortgage / rent reduced your disposable income.
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