Quick Debt Solution Wizard

Want to regain control of your life and reduce the stresses of money worries? Complete this form and let us help you.

Total Debt :
Name :
Tel :
Mobile : 		Email :
House No. :
Post Code :

By submitting your details you are accepting our Privacy Policy

What about my property?

Under an IVA, your mortgage and any other secured payments are prioritised, which means they are budgeted for before IVA contributions are taken. Therefore your home is protected, unlike in bankruptcy.

Towards the end of your IVA, if you own property in which you have significant equity, normally, you will be expected to re-mortgage to raise some money to pay into the IVA.

Being in an IVA, your ability to obtain a mortgage may be restricted and it is likely to be on less favourable terms. If you are unable to obtain a remortgage, the IVA can be extended for up to 12 months.

We answer more questions about home ownership and IVAs than anything else, so please call us for advice of how this may impact your decision to do an IVA.

Share this on Facebook Share on Facebook Bookmark this on Delicious Bookmark on Delicious Bookmark this on Digg Digg this

Back To "IVAs : Frequently Asked Questions"

An IVA is a serious undertaking; it will affect your credit rating for six years. If you own a property it will be protected in an IVA, however you may be required to remortgage to release additional funds for creditors towards the end of the arrangement. For more information see IVA key information and fees.

Calls to "08000 481 778" Free of Change from a BT landline. Mobile and other operators may charge. Mobile users may find it cheaper to call "01204 555 264"
© DebtMatters Ltd. 2010
DebtMatters Ltd. Registered Office: Bridgeman Court, Salop Street, Bolton, BL2 1DZ. Consumer Credit License : 627372. Data Protection Registration Number : Z6082444