All my latest articles about managing debt are available for free on Facebook or Twitter Contact me: 0800 0776180 or. If you need debt advice we can help. The? Money Team. Get Help and Support. Once you find a job any remaining funds from your redundancy payment have to be handed over. You can get a mortgage after you completed an IVA. An IVA goes on your credit file and brings down your credit score. g: If your disposable income is £300/mth you will pay £300 x 60 = £18000 into your IVA over 5 years. You can then calculate this as a percentage of the total debt owed. How long does an IVA last; Credit Rating and an IVA; Bank Account and an IVA; What happens to my house in an IVA; Job and an IVA; Car and an IVA; Who is told about my IVA; Debt Payments and an IVA; Already in an IVA. Improving your credit score after an IVA. However you will be allowed to keep the equivalent of 6 months take home pay to maintain your living expenses and IVA payments while looking for another job. 0800 077 6180. The remaining figure is the amount that could be written off. If you need debt advice we can help. Any cash raised in this way is paid into the Arrangement. A mortgage adviser will fully assess your requirements before making a mortgage recommendation. Calls from mobiles may be chargedIf you need debt advice we can help. To find out how we can help, call us on 0300 124 5655 or complete our enquiry form to speak to an IVA mortgage expert. For an IVA to take more than five or six years, there would need to have been some modification to the agreement, like a material change in financial circumstances. For greater reductions a formal. Whilst your IVA will be removed from your credit file after six years, you may still need to declare it to potential lenders after this time if you wish to apply for further credit. IVA Information. For more information on getting a Mortgage after Completed IVA. If your payments need to reduce by less than 10% the change can be made simply by your IVA Company. Remortgage after IVA. Get a. This form of borrowing will not help your credit rating. For example, you might promise to give them some of your salary each month, or to pay them a lump sum. Once a monthly payment IVA starts it usually lasts for 5-6 years. This is a form of insolvency that can affect your financial situation in many ways. I have to pay the rest of my mortgage of 15k + Solicitors 3k + Estate agents 2,500k. 0800 077 6180. 0800 077 6180. I suggest you use a broker, as 3-4 years after completion you need to pick the lender and frame the application well, it may be that an online application gets rejected just because you have ever had an IVA. Yes, you can get a mortgage with an IVA on your credit file. An IVA is only available to residents in England, Wales and NI. Calls from mobiles may be chargedIf you need debt advice we can help. The role of the insolvency practitioner is to examine. With a large deposit, it means the amount you need to borrow is less, resulting in a lower LTV ratio. At the same time, your IP will also contact the Insolvency. We are open Monday to Friday 9am to 5pm. Please note we do not charge any fees upfront. In this article, we explore the application process for both an active and past IVA, as well as highlighting ways you can improve your chances of being accepted for a. An IVA stops you falling into more debt from increased interest, and gives everyone involved a clear timeline for when the debt will be repaid. We understand the impact that an IVA can have on your application, whether you’re trying to get a mortgage after IVA completion or you’re still in an IVA. Once the IVA is agreed, all your creditors including the benefits agencies. After your IVA finishes, in theory you don’t need to do anything and all the problems will disappear from your record. You will have to give them a new income and expenses budget. Looking for a mortgage? Give us a call (0800 011 4712) or complete. Full and Final Settlement IVA. We went via a broker, had 10% deposit and got a decent rate with no issues. 2: Cancel your IVA with Creditfix and do something else. 0800 197 0504. For the most part, IVA mortgages will come down to your circumstances at the time. It will also start to generate a history of responsible borrowing and repayment on your credit file. An IVA lasts for 5-6 years. To double check, work out how many payments you've made so far - and take that off 72 to see how many are left. It may also be extended, generally to six years, if you’re a homeowner. It confirms their interest in your affairs is over. You are allowed to apply for a student loan if you are in an IVA. A Completion Certificate is written confirmation that you have completed your IVA. In a DMP all debt is repaid. If you are looking for a mortgage with an IVA, we can endeavour to help. An IVA usually lasts five years if you’re making monthly payments. In some cases, interest can also be charged. The reason is that if the record remains on your file (even if after have your completion certificate), it will impossible to get a right to buy mortgage. There is no absolute set of living expenditure figures that are acceptable. Selling a property you own. Having had some PPI claims upheld and saving like mad, me and my wife now have a 10% deposit on a purchase price of £150000 house. Apply for an IVA. Share. At CLS Money, we work with a number of specialist mortgage lenders who are willing to offer a mortgage to a borrower who has or previously had an IVA. Get Help and Support. Get mortgage after IVA. However, there are some lenders that will consider your application immediately as long as you have a sufficient deposit. You were originally paying £200/mth into your IVA. If you are a home owner your IVA agreement will usually require you to try and release equity from your property. This will normally be 2-3 months after your payments have ended. Give us a call (0800 011 4712) or complete the form below and we will call you. There are a number of activities to complete which usually require this amount of time. Once that is done, you can proactively focus on improving your credit score. Related Articles. This document will normally be sent to you by your Insolvency Practitioner (IP) 6-8 weeks after your final payment is made. However it will be difficult as you will require a deposit of at least 45% of the value of the property. Tweet. The advice is free and. 4660 Monday – Friday 8am – 8pm ET,. co. However the amount you can borrow is restricted. Mortgage after an IVA Call 01494 526400 or Email [email protected] Mortgage after an IVA. Advice Help and Support. It is very important that you get your Certificate as soon as possible after you finish. An IVA is a legally binding debt solution that uses government legislation to consolidate your payments into one affordable monthly amount and write off up to 81% of unsecured debt. There are two reasons for this: The set off argument. Apply for an IVA. There is hope!Your IVA company will assess the impact of the change of circumstances by asking you to submit a new income and expenditure budget. This is calculated by deducting your total monthly living expenses from your monthly income. The property may have formed part of your IVA agreement, but because this is now completed and finished, all rights to the property are returned to you. Debt management expert with over 20 years experience delivering debt solutions. A buyout. A mortgage adviser will fully assess your requirements before making a mortgage recommendation. In short, yes – having a active IVA can make getting a mortgage very difficult. This will significantly improve your credit rating. Secured debts cannot be included. Credit History. An individual voluntary arrangement ( IVA) is a formal and legally binding agreement between you and your creditors to pay back all, or part of your debts over a period of time at an affordable rate. Our IVA is due to complete in April this year after 6 years. Once your IP confirms that you have made all the necessary payments to your IVA, they will send you your IVA completion certificate. You are likely to fail this because of your credit rating. An individual voluntary arrangement may be right for you if: You owe more than £15,000 (to two or more creditors). If you need debt advice we can help. We are currently on a standard rate mortgage (4. There is no escaping the fact that an IVA will affect your credit rating. Put simply, an IVA (Individual Voluntary Arrangement) is a formal agreement between you and your creditors to repay a fraction of your unsecured debts through affordable monthly payments. Call us (0800 011 4712) or complete the form below. 00 in PPI -2013:j Received £1400 charges - 2006:jYes, once your IVA is complete the property is yours to do with as you wish. Amazing! We are going to use 4K of this to settle my IVA for good, and then move back in with my parents for a year or so in order to save another 20k or more if we possibly can, so we have at least a 20% deposit. For the length of your IVA, your IP will act in your name. Reminder - after October 31, 2022 your current Home Equity Line of Choice checks will no longer be accepted and a replacement checkbook will not be automatically mailed. It will come about if the property is sold for less than the mortgage or loans that were secured against it. The longer it has been since your IVA, the more likely you’ll be able to. Included in this article: Can you move home during an IVA. News & Articles (view all) I am still waiting for my IVA Completion Certificate; Telling my Partner about a Debt Management Plan; I am in an IVA but my IVA company. When you go bankrupt, all your unsecured debts are written off. Prepare your Financial Statement. In our experience, obtaining your IVA completion certificate is essential as evidence that you have satisfied the agreement’s terms. Reduce your credit card use. Like I said we did remortgage to finish IVA early as due to change in circumstances we would have had to stop paying IVA after 3 years and £26k was paid, it was not easy we had a good mortgage guy but 2 days before completion the deal was pulled, it was awful but in the end got sorted but was just the time last year when a lot of lenders. Your take home pay so to speak, is the average amount you draw from your business after deducting all of your business expenses and any provision for any tax. The amount of debt written off. Calls from mobiles may be chargedIf you need debt advice we can help. An IVA can help you get out of debt but can make it tougher to get a mortgage in the future. Can I get a mortgage after an IVA? Having an IVA doesn’t mean you can’t get a mortgage! But it does mean you may not be considered for the lowest mortgage rates. Options after your IVA is Completed. But it can be more difficult compared to someone without one. Once IVA is removed from your credit file then you have a good chance of getting a mortgage and completion of mortgage you should try to improve. Our guide on how to remortgage with bad credit is a good starting point. If the total debt included is £50,000 then £32,000 will be left at the end. Share. Time since IVA completion: The further you are from the completion of your IVA, the more likely it is that lenders will consider your. It is possible to cancel your IVA at any time. Your IVA is over only when you have received a Completion Certificate. Registered in England 11642575. As with most credit issues, the specific details of the IVA, such as when it started and whether it has been cleared, will determine which lenders can offer a mortgage and on what terms. What is an IVA. Get mortgage after IVA. Time required for Creditor Meeting. However, some mortgage brokers I have spoken to have told me that 3 years after the completion date (so September 20), I may well be considered for a mortgage. If they agree with the changes, they may be able to reduce your payments by up to 50% of the current. Call us (0800 011 4712) or complete the form at the bottom of this page. If you started your IVA less than 3 years ago it may still be possible to get a mortgage. Unlike an IVA, this even includes debts you. However, an IVA can be flexible depending on your needs and circumstances. Generally speaking you will be able to borrow a maximum of 3-4 times your gross annual income. Calls from mobiles may be chargedIf you need debt advice we can help. Our experts can advise you about getting a mortgage after an IVA, including the deposit required, and negotiate a competitive mortgage rate quickly with our IVA. Applying for a mortgage with Clever Mortgage's and speak to a broker allows you to get the help and advice needed to get. A large proportion of debt may be written off at the end of the IVA. Hi, I managed to get a joint mortgage with my husband 6 years and 5 months after the start of my IVA. If you apply for a mortgage right after completing an IVA, there could still be something standing in your way. Take care not to use Payday Loans after completing an IVA. However, a student loan is not awarded in the same way as normal types of credit such as a bank loan or credit card. It is a statement by your Insolvency Practitioner that they are no longer acting as the Supervisor of the Arrangement. Call us (0800 011 4712) or complete the form at the bottom of this page. You will be able to get a mortgage after an IVA but you are unlikely to be able to get one until the IVA drops off your credit file. First you need to speak to your IVA company and explain the problem. From the point when you handed over money it can take a 2-3 months for your IVA company to complete the work they need to do and send you a completion certificate. These will normally be £2000-£3000 but could be more. However, there are some lenders that will consider your application immediately as long as you have a sufficient deposit. This is possible. Home Loans Center. Received £2,626. It is very important that you get your Certificate as soon as possible after you finish. It is important to check your IVA proposal and terms and conditions. CarolTeddy Posts: 3 Newbie. It can be longer than six years if your IVA doesn’t complete within the 6 years, perhaps because you have had payment breaks. Now you have completed your IVA you can apply for a mortgage. Getting a mortgage with an IVA is usually a simpler prospect than getting one after having filed for bankruptcy. Get Help and Support. PPI compensation may have to be paid into your arrangement even if it is completed – if the PPI is for a debt that was prior to your IVA starting. When is the Record of your IVA removed from your Credit File? Your IVA ends once you have received your completion certificate. This document will normally be sent to you by your Insolvency Practitioner (IP) 6-8 weeks after your final payment is made. If it has been over 2 years this could increase to 85%. Choosing the right mortgage for you can be really tricky. They will then update your credit file to show. A Completion Certificate is written confirmation that you have completed your IVA. The time this takes could be reduced if you are. sherrybobbins Posts: 8 Forumite. A pay-out or transfer of equity to a leaving party or ex partner. This will normally be 6-8 weeks after you have made your final payment. It confirms their interest in your affairs is over. Directly following an IVA, you should expect to raise a maximum 75% IVA. Manage Your Existing Mortgage. Understanding our situation following the completion of the IVA almost two years ago was a breath of fresh air where everyone else seemed to want to say we. You know full well we're in the teeth of a global lending crisis. Share. However if the banks refuse to pay your compensation you are likely to have to give up on your claim. Call us (0800 077 6180) or complete the form. On receipt of your certificate of completion you should send a copy to each of the 3 major credit reference agencies, namely ‘Experian’, ‘Equifax’ and ‘TransUnion’. 12 June 2020 at 11:40AM. For example if your total income is £2000 per month and your total expenses are £1700 your disposable income is £300 (£2000 – £1700 = £300) The. This should come as little or no surprise, because you did sign an agreement that included a windfall clause. Get the permission of your Insolvency Practitioner. These specialist lenders are often referred to as: adverse mortgage lenders. Calls from mobiles may be charged2. How long does an IVA last; Credit Rating and an IVA; Bank Account and an IVA; What happens to my house in an IVA; Job and an IVA; Car and an IVA; Who is told about my IVA; Debt Payments and an IVA; Already in an IVA. An IVA wrecks your credit record for at least six years. The clause usually states that you must try to release equity from your property in the 5th year of the Arrangement. However, it will give you significant other benefits. Until you do your IVA. Sometimes, creditors will accept a lump sum to settle your debts. Having said that there are still considerable issues you will need to overcome. Your Name* Contact Number* Email Address* Please leave this field empty. 0800 077 6180. I suggest you use a broker, as 3-4 years after completion you need to pick the lender and frame the application well, it may be that an online application gets rejected just because you have ever had an IVA. Yes. Here are the steps to follow for getting a mortgage with an active IVA: Speak to your insolvency practitioner first to let them know that you’ll be looking for a mortgage because it is them that control your financial arrangements. However they may be reluctant to pay it to you. Getting a mortgage after an IVA isn’t a simple process. 25 May 2018 at 12:20PM. ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ ᅠ Select Download Format Getting A Mortgage After An Iva Download Getting A Mortgage After An Iva PDF Download Getting A Mortgage After An Iva DOC ᅠ Related guides in, mortgage iva last five years has been temporarily limited or advice to take your ownGenerally speaking, your IVA will not be paid off early if you receive inheritance unless the amount you get is large. However where a reduction of more than 10% is required your IP must propose a formal. Review and sign your documents. We were able to get a mortgage 5 years into the IVA. The main thing to understand about these companies is that their interest charges are far higher than. My name is Marija, and. Apply for an IVA. Apply now. Calls from mobiles may be chargedIf you need debt advice we can help. A mortgage is a huge financial. Generally speaking you will be able to borrow a maximum of 3-4 times your gross annual income. This is because some of the living expenses you were previously paying on your own, can now be shared. Want to start an IVA. You will normally pay back less than the amount you owe. An IVA stops you falling into more debt from increased interest, and gives everyone involved a clear timeline for when the debt will be repaid. Get a. Struggling to get your head round all of this? We can help you implement an IVA. Leave a Reply Cancel reply. I have tried asking the IVA staff but they just tell me they will email the right dept. co. If your monthly payments are £200 and your IVA lasts 5 years you will pay £12,000. Calls from mobiles may be chargedYes, there is life after an IVA, and a few people I know have managed to get mortgages, one from a high street lender. The length of a monthly payment IVA is traditionally 5 years. Not the lower rate of the payments missed. A Joint IVA will normally last for 5-6 years. In most cases, this will mean that you will have to pay Private Mortgage Insurance if. They will then decide if a reduction of your payments is necessary. Speak to an IVA Expert. As with most credit issues, the specific details of the IVA, such as when it started and whether it has been cleared, will determine which lenders can offer a mortgage and on what terms. The IVA lasts for 5 years so it will show on the file for a further 1 year after completion. If the IVA fails before completion, the consumer should be made aware by the IP that they will be liable for all debts and interest accrued during the term of the IVA. Therefore, the IVA will last until you have made your 60th or 72nd payment. However in order to get access to high street interest rates you will have to wait until the record comes off your credit file. If you make mis sold PPI claims after your IVA has finished the bank may simply send you a cheque for any compensation due. We will stay on iva completion certificate and money. The Insolvency Register sends the information that your IVA has completed to the three Credit Reference Agencies. My husband has an IVA which is due to finish in 18 months time. by GavinA. Assuming your IVA payment was £250 per month, after 5 years that amounts to £15,000 – which would pay for a deposit on a £150,000 house should you be eligible for a 90% LTV mortgage, which could be possible 5 years following the end of your IVA. If your IVA lasts for five years, it will still be visible on your credit report for 12 months after you have received your IVA Completion Certificate. E. By remortgaging you could release equity from your current property and use this as a lump sum to pay off the IVA. IVA Mortgage Expert are here to help you own your own home. However it will be difficult as you will require a deposit of at least 45% of the value of the property. This amount (64%) will be written off. Posts: 8 Joined: Wed May 22, 2019 7:30 am. On the face of it the calculation is very easy. Call us (0800 011 4712) or complete the form at the bottom of this page. Here we'll assess the options for remortgaging an IVA and whether it will continue to impact your credit assessment. What do I need to prove my IVA has been discharged? When the IVA has been completed, you will be issued with a completion certificate. Bear in mind that once your IVA is completed and your debts have been written off, it could take. When you first began your IVA, it marked the beginning of the six year period that it stays on your credit file. High street banks are very unlikely to offer a mortgage to anyone with an IVA, even if it has been cleared. As such it is very important that it is done correctly. Definitely use a broker. You can get a mortgage after an IVA, and some lenders may accept you during your IVA. Individual Voluntary Arrangement. Calls from mobiles may be chargedIf you need debt advice we can help. If you are keen to get a joint mortgage sooner, there. Yes, it is! You can get a mortgage after a DMP has finished but bear in mind that there will be certain restrictions on what you can get, in terms of the loan amount and the interest rate that is charged on top of your repayments. A record of your IVA will remain on your credit file for six years from the date your IVA began. This is the same requirement as when the Arrangement was originally set up. Calls from mobiles may be chargedIf you need debt advice we can help. Give us a call (0800 011 4712) or complete the form below and we’ll call you. Hi. 75%, and the completion fee of £1,295 can be added to the mortgage. Get Help and Support. Search. Yorkshire Bank – Ready Cash. Once you reach this point the status of your IVA on your credit file will be marked ‘complete’. Although, it can be difficult — especially shortly after your IVA ends — and you may only have access to products from specialist IVA mortgage lenders and with high mortgage interest rates. However, their products will usually come with. Check Your Credit File. Residential mortgage rates start from 7. They are usually equal to 15% of the amount paid into the Arrangement after initial fees and costs have been deducted. Coronavirus and IVA 3 Job and IVA 12. An IVA – or Individual Voluntary Arrangement – is a legally binding agreement between an individual and their creditors. Local Rate 0330 0945876. Getting a mortgage after an IVA or remortgaging after you’ve been in an IVA is a lot more straightforward (and. Related Articles. Wed Oct 26, 2022 2:20 pm. Included in this article: Drafting your IVA proposal. 16 May 2012 at 6:16PM. DMPs will continue until the debt is paid back in full including repayment of interest and charges. 0800 077 6180. IVA mortgages or a mortgage with IVA are descriptions of a person wanting to take out a mortgage during an individual voluntary arrangement that is authorised and regulated by the court. Instead you make a single payment based on the amount you can afford. Six years. It takes about six to eight weeks to come through and the IVA is not officially discharged until it is issued. It is vital that you wait for this to happen before looking at buying your property. James Falla. My partner paid off his IVA early in July 2010, the actual end date was August 2010. It confirms you are no longer in an IVA. Sufficient money is added to your expenses budget to enable you to keep paying. 0800 077 6180. You make reduced payments for an agreed length of time. However, there isn’t a straightforward answer to this question. You can start an IVA in the knowledge that mortgage options will be available once it is completed and off your credit file. Speak to an IVA Expert. This will normally be 6-8 weeks after you have made your final payment. If you want to add debt because you have fallen behind with council tax or utility bills, you should. You can keep the full amount after taxes, and there would be nothing wrong with that. 0800 077 6180. Your details remain on the Insolvency Register for the period of your IVA. An IVA allows you stop making debt payments to your unsecured creditors (as long as they are included in the Arrangement). If your IVA is relatively new, it’ll have a much larger impact than if you’ve had it for four to five years. They are allowed to do this under the banking off-set rules. Aperture IVA moved to Jarvis Insolvency – What can I do. Any new credit agreements over £500 per month will need to be approved as a rule. As an IVA holder, you will have to ask your IP’s permission to access new credit over £500. Calls from mobiles may be chargedGetting a mortgage after IVA has completed daniel591. so i guess we hang in there. The main reasons why an IVA could fail. Want more advice about your bounce back loan and an IVA. The amount left is what you can expect will be written off. There are many reasons for removing a name from a joint mortgage (UK): Separation. Once your IVA has successfully completed any outstanding balances will be written-off an you will be officially debt free. Thanks for replying. Once you find a job any remaining funds from your redundancy payment have to be handed over. Job and IVA 12. There are no up front costs to start an IVA. 0800 077 6180. We charge a flat fee of £1,495 for advising and arranging a mortgage. Even after that time if a lender asks you if you’ve ever been subject to an IVA, you must answer honestly. It is vital that you wait for this to happen before looking at buying your property. Give us a call (0800 011 4712) or complete the form below and we will call you. However if you include expenditure budgets which are unreasonably high these will be. The clause will also state that where possible you must pay the IVA company’s fees and costs. As a result, you would expect to be able to save money. Your Insolvency Practitioner (IP) should issue your Certificate 4-8 weeks after you. The plan allows you to reduce the payments to all your creditors to an affordable amount. Share. I agree. Time since IVA completion: The further you are from the completion of your IVA, the more likely it is that lenders will consider your mortgage application. Struggling to get your head round this?Yes. An IVA is only available if you live in England, Northern Ireland or Wales. Any redundancy payment will normally have to be paid into your Arrangement as a windfall. It is a statement by your Insolvency Practitioner that they are no longer acting as the Supervisor of the Arrangement. The set off argument is based around the bank arguing that they can hold bank your compensation. When is the Record of your IVA removed from your Credit File? Your IVA ends once you have received your completion certificate. Or, it could take up to 12 months after your agreement ends for a standard 5-year IVA. It is vital that you get your certificate as soon as possible after your last payment is made. It will not be extended as long as your monthly payments are reasonable. It depends on the amount of equity in your property. How much will the mortgage cost? Finished your IVA and want to get a mortgage? Give us a call (0800 180 8013) or complete the form below to speak to one of our experts. A Full and Final Settlement IVA (also known as a lump sum payment IVA) is possible if you cannot afford monthly payments. Can I get a mortgage after an IVA? Yes, once your IVA has been completed, it will be possible to get a mortgage. The Implications of reducing your IVA Payments. It is a solution that allows a person to only repay a percentage of their unsecured debt to their creditors in affordable monthly payments, usually over a fixed term of five or six years. CarolTeddy Posts: 3 Newbie. There are specialist lenders who will consider your application, but this is likely to be an. An individual voluntary arrangement (IVA) is a legally binding agreement between you and your creditors that helps you pay off your debts at an affordable rate. Build a Stronger Credit Profile. Home;. Also, some cost of living increases should be added. They are only lifted once you have received your Completion Certificate. Share. If your share of any equity is more than £5000 you will have to try and release some of this. Calls from mobiles may be chargedCall 0800 011 4712 or complete the form below. Bankruptcy might be an option, if you have no assets to protect or your career would be in jeopardy and a good IP will discuss all options with you. Speak to an IVA Expert. Your IVA is over only when you have received a Completion Certificate. The mortgage term can’t extend any longer than your existing mortgage or past your state retirement age. In particular increases in your electricity, gas and fuel bills. Calls from mobiles may be chargedAn Individual Voluntary Arrangement (IVA) can be an excellent debt solution. When you are completing a mortgage application, you are legally obliged to declare an IVA even if your lender doesn’t ask. Even if you complete your IVA early it will still remain on your file for 6 years from the start date. Getting a Mortgage after an IVA; Want further help and advice? Give us a call (0800 077 6180) or complete the form below to speak to one of our experts. If you would prefer to speak to an Expert IVA Mortgage Adviser now, then please call us on 0800 197 0620 for mortgage advice. This is called a full and final settlement IVA. To get an IVA, you should have some spare income each month to pay your creditors, usually at least £100. If you started your IVA less than 3 years ago it may still be possible to get a mortgage. Your Name*Stopping your debt management plan and starting an IVA is a simple process. The IVA will remain on your records for six years after it is spent. Getting a mortgage after an IVA can be a complex process, but with careful planning and preparation, it’s an achievable goal. Getting a mortgage with an IVA is difficult, but not impossible. The advice is free and confidential. After this as long as you have met all of your obligations any outstanding balances are written off.