Will an IVA affect living in rented accommodation?

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

david127

User avatar
Posts: 1
Joined: Fri Mar 13, 2020 2:07 pm

Post by david127 » Fri Mar 13, 2020 2:07 pm
Will an IVA affect living in rented accommodation? I’m not in debt for my rent payments but my money owed to others may affect it in future

magicsam

User avatar
Posts: 62
Joined: Sun Oct 21, 2012 10:14 pm
Location:

Post by magicsam » Fri Mar 13, 2020 3:26 pm
I was in rented accommodation throughout my IVA without any issues, it would be difficult to rent somewhere new during it though as you would fail any credit checks.

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Mar 13, 2020 3:53 pm
Your rent, as agreed with your IP and creditors will be part of your allowed living expenses and, so, you will be able to continue paying rent as normal. As magicsam says, tough, getting a new rented property would be difficult, but not impossible, during the IVA as your credit files will be wrecked for 6 years from the start of the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”