IVA Mortgages

IVA mortgages help you buy your property despite of having an Individual Voluntary Arrangement (IVA) against you. IVA is agreed upon with your creditor when you are unable to make your debt repayments. You arrive at a negotiation with your creditor so that your debt payments are reduced and you pay a lower debt amount for a period of five years, any debt that is left unpaid after this duration is written off completely.

Good news is that you can get mortgage with IVA if you have entered an IVA and still want to purchase a property. You will be considered as a high risk candidate as you already have a history of non repayment of debts and hence will be charged higher than the normal mortgage loans. This is but obvious as there’s a risk involved for a creditor. However, you can restore your credits for a good standing and prove to be a better candidate for loans in future.

Benefits of an IVA Mortgages are:

Income proof or credit status not required

Vouch for improvement in damaged credit score with timely payments made

Arrangement for mortgage loans despite of an IVA.

You may be amazed by a wide choice of subprime mortgage made available by large number of adverse credit mortgage specialists. IVA mortgage experts will help you finalise a mortgage that is most suited to your financial predicament.