www.iva.co.uk

Posted: **Wed Apr 02, 2008 3:45 pm**

How will an IVA effect my credit rating? Would it prevent me from getting a mortgage?

Posted: **Wed Apr 02, 2008 3:53 pm**

In one word - destroyed for 6 years.

You can still go for a mortgage but it would not be through a main bank you would probably need to go through a mortgage broker and it would be on a sub prime basis with a higher rate. Also the payment would not be able to impair the IVA payment or it is likely to fail

Posted: **Wed Apr 02, 2008 7:31 pm**

Your credit rating would probably have been pants anyway, hence having to get an IVA, so I wouldn't worry too much!!!! After your 5/6 years is up, it'll start getting better, so look forward to the future debt free!