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Mortgage and CVA?
heleno_3
Posts: 15 Forumite
Hi
I'm just after a bit of info re mortgages. My husband and I sold our house 2yrs ago so that my husband could invest money into his busines and have been renting since. Since we sold our house the business has had some financial troubles and has entered into a CVA with it's creditors. The CVA is due to run to the begining of next year. The business has missed the last two payments on the CVA but these hopefully will be brought up to date in the next month or two. The accountants don't seem to be too fazed by the fact that two payments are late/outstanding at the moment. The company is a limited company and there are two directors my husband and one other. What implications does the CVA have on our personal financial situation with regard to getting a mortgage? We have been told conflicting information. Appreciate any help or info that is available.
Thanks
I'm just after a bit of info re mortgages. My husband and I sold our house 2yrs ago so that my husband could invest money into his busines and have been renting since. Since we sold our house the business has had some financial troubles and has entered into a CVA with it's creditors. The CVA is due to run to the begining of next year. The business has missed the last two payments on the CVA but these hopefully will be brought up to date in the next month or two. The accountants don't seem to be too fazed by the fact that two payments are late/outstanding at the moment. The company is a limited company and there are two directors my husband and one other. What implications does the CVA have on our personal financial situation with regard to getting a mortgage? We have been told conflicting information. Appreciate any help or info that is available.
Thanks
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