Shared ownership property and iva

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
User avatar
angela575
Posts: 1
by angela575 » Fri Jun 02, 2017 9:29 am
Hi, can I get into a shared ownership property if I an on iva?

Thanks
User avatar
Lisa Thomas
Industry Expert
Posts: 5891
Contact
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
User avatar
Ryan
Industry Expert
Posts: 627
Contact
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
User avatar
Foggy
Forum Expert
Posts: 23527
Contact
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.
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 16 guests