Mortgage & IVA Query

sgx.saint

Hey.

Quick question, can you get a mortgage if your in an IVA?

Just thinking ahead for the future

apples101

I think you have to supply a percentage of the value of your home if you decide to go down that route.

it's payable in year three i think. so yes you should be able to re-morgage.

Wonder_Girl

A re mortgage yes

A spanking new mortgage probably not (well not with any "good"companies, maybe the gazillion percent people)

taplady

As far as I know you cant get credit of any sort when you are in an IVA.

sgx.saint

As far as I know you cant get credit of any sort when you are in an IVA.

Oh yeah, forgot about that. Doh, looks like 8 years of renting for me then!!

sgx.saint

Hmmm got a stange question now ...

If I was to say get a house with my partner whilst on an IVA, and she agreed to get the mortgage in her name solely. I then agreed to pay half the money towards the mortgage to keep the roof over my head i.e. a form of rent.

Could I not just come to an agreement with my partner that half the house was mine, put this down in writing and have it signed/witnessed by a Soliciter.

Therefore if anything went wrong, half the house would be mine, although the mortgage would be in my partners name?

Perhaps I am trying to be to clever lol ..... would their be a clause in the mortgage agreement preventing such an agreement or anyone know of any flaws in that idea?

sgx.saint

Anyone?