Getting a mortgage whilst in an IVA?

Rudyard22

Guys is this possible. appreciate any help.

Thanks.

Charco_2

yes it's possible

no it's not advisable - unless you have extenuating circumstances why it has to be now!

Do you have half the value of the home and are you willing to pay up 9% interest?

immoral_angeluk

Where is the deposit coming from?

Sheri

I doubt it.

I just entered into an IVA and there was one company I didn't enter in the IVA as I didn't owe them anything at the time and my IP had advised I would be allowed up to £500 credit whilst under the IVA.

I borrowed £50 from this company (I have a credit limit of £1200) and within a week they blocked my account because they did a routine check through experian and found out about it.

I was so annoyed, I had never ever missed a payment with this company in the whole 8 years I have been with them, I really rely on them for emergencies and they stopped my credit just like that. If I was wanting to rip them off I wouldn't have borrowed just £50!

Also, if you are only allowed £500 credit as I was told I'd love to know of any company who would be daft enough to lend a mortgage.