www.iva.co.uk

Hi
There is a new savings account coming out to help first time buyers, where you effectively get 25% interest. I am just wondering if this is something I would be allowed to get considering I'm in an iva. By the time these accounts come out I will have about a year left. Thanks for the advice

Dan

Not sure - I haven't seen much information about the scheme rules yet.

Keep googling it and you may find the details in the terms and conditions.

Yer your right I think it's still early days and the scheme is being worked on.

Be very careful especially if the amount that is saved starts a generating a "significant" amount of interest.

The interest itself forms part of the income stream for the IVA plus one particular company may regard the money saved as an additional asset to be given to creditors.