{"id":41166,"date":"2017-01-19T14:00:30","date_gmt":"2017-01-19T07:00:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-buy-a-flat-while-im-paying-off-debts-through-an-iva\/"},"modified":"2017-01-19T14:11:15","modified_gmt":"2017-01-19T07:11:15","slug":"can-i-buy-a-flat-while-im-paying-off-debts-through-an-iva","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-buy-a-flat-while-im-paying-off-debts-through-an-iva\/","title":{"rendered":"Can I buy a flat while I'm paying off debts through an IVA?"},"content":{"rendered":"


\nAlso, will I be able to get a mortgage after my individual voluntary arrangement ends? I don\u2019t have a deposit thoughQ I have a few questions about whether I have any chance of buying a flat while I am on an IVA (individual voluntary arrangement) and repaying my debts. As I am on an IVA, rather than bankrupt, are there any special options for me? And how many months after I finish my repayments will my credit score be OK for me to get a loan? I want to avoid paying a deposit as I have no savings so what are my options? My income is \u00a324,000 a year so how big a loan I can apply for? PGA Brace yourself for answers you are not going to like. First, the chances of buying a flat while you are still paying off your debts through an IVA are, at best, incredibly slim. And no, there are no special options because you chose an IVA over being declared bankrupt \u2013 both are still forms of insolvency. An IVA is a formal agreement to repay your creditors at an amount you can afford. If your creditors agree to the IVA it becomes legally binding. As long as you keep to the IVA terms, your creditors will not contact you or increase the debt. When you have made the final payment, any unpaid debt is written off. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Can I buy a flat while I’m paying off debts through an IVA?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Also, will I be able to get a mortgage after my individual voluntary arrangement ends?...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-41166","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-aHY","jetpack-related-posts":[{"id":15524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/graduates-who-keep-on-paying-after-theyve-cleared-their-student-debts\/","url_meta":{"origin":41166,"position":0},"title":"Graduates who keep on paying after they\u2019ve cleared their student debts","date":"June 5, 2016","format":false,"excerpt":"\r Controversial loan system is under fire again as it emerges that thousands overpay after leaving university Two years after she paid off her student loan, Melanie Rodrigues thought she had finally seen the back of her university debts. 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He has approximately \u00a3280,000 in cash to put down as a deposit and she has \u00a320,000. I have also\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83085,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-64-with-a-poor-credit-history-how-can-i-remortgage\/","url_meta":{"origin":41166,"position":3},"title":"I\u2019m 64 with a poor credit history \u2013\u00a0how can I remortgage?","date":"March 19, 2018","format":false,"excerpt":"\r It\u2019s worth looking at options such as equity release mortgages that could help you stay in your home Q My wife and I are stuck. We live in a house that we\u2019ve had for 25 years and our interest-only mortgage is due for repayment in six months\u2019 time. 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I have no debts (student loan paid off), work full-time and currently rent, but would love my own place.I...\r \r Source :\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/41166"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=41166"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/41166\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=41166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=41166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=41166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}