Can you get a mortgage while you have an IVA?

Posted on 7 August 2008

My husband and I are on a IVA and live in rented accomodation and wondered if it is possible to apply for a mortgage while on the IVA?

The answer to this question will really come down to your individual circumstances and IVA arrangements. It will be subject to the amount of debt you still have outstanding, the number of defaults and CCJ's you have, if any, and your income.

 

I would recommend you go on to www.creditexpert.co.uk and get a copy of your credit report as this will help see your current position and history.

 

Given the nature of your enquiry I would recommend you contact the Consumer Credit Counselling Service on 0800 138 1111 or to speak directly with one of our specialist team, you can reach them on 0845 413 1054

 

I wish you all the very best.

 

Answers provided in response to Ask Bea are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not neccessarily represent the views, positions, strategies or opinions of Charcol Limited. All comments are made in good faith, and neither Charcol Limited nor Bea will accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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