first-time mortgage whilst in an IVA?

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thefab

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Post by thefab » Tue May 15, 2007 11:11 pm
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Is it possible to get a first-time mortgage whilst in an IVA?
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MelanieGiles

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Post by MelanieGiles » Wed May 16, 2007 12:20 am
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Hi the fab and welcome to the forum

So long as you have at least a 10% deposit to put down - which has to be sourced from funds other than your own - ie friends or family. Also your mortgage payments must not be more than you are currently paying in rent.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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