This completely depends on your circumstances. While going for an IVA You have to manage your Income and Expenditure on that way, Which can let you save some money every month after your Expenses and Repayments, so that you can prove your mortgage provider you have sufficient funds to go for the Mortgage Repayments.
Although, You’ll be able to get a mortgage after an IVA – this won’t necessarily rule you out. If you’re considering when to apply for your mortgage, we’d recommend waiting until a while after your IVA ends to allow you to rebuild your credit rating before applying for a mortgage. This should make it more likely that you have access to better mortgage deals.
Ultimately Having an Individual Voluntary Arrangement will not stop you from getting a mortgage, but you have to find a way to obtain it. We’ve listed some of the things to consider when weighing up whether you can get a mortgage with an IVA.
