IVA Articles

Do I choose an Individual Voluntary Arrangement over a Loan? This is a question we are asked many times by people looking for ways out of debt. It's never straight forward because each set of circumstances will vary.… Read more

Understanding Individual Voluntary Arrangements can be a complex business. Each Individual Voluntary Arrangement is unique and has its own complexities, but here at My IVA Adviser we firmly believe that it makes good sense to explain to each client in full detail how an Individual Voluntary Arrangement would work for them specifically to their circumstances. For general Individual Voluntary Arrangement help we provide a series of guides for you to download. Read more

An Individual Voluntary Arrangement (IVA) does not necessarily have to last 5 years, indeed, under the correct circumstances it is possible to arrange an Individual Voluntary Arrangement (IVA) that begins and ends with only one payment being made. This is sometimes referred to as a 'Full and Final' settlement Individual Voluntary Arrangement (IVA) or a 'One Off' Individual Voluntary Arrangement (IVA).

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Although the subject of Individual Voluntary Arrangements (IVAs) can be quite complex, in principal the actual Individual Voluntary Arrangement concept is based on a very simple idea, and it works like this... Read more

How do people with property manage to get mortgages when they are in an IVA? After all, isn't an IVA supposed to stop people borrowing more money?… Read more

Qualification for an IVA is not automatic nor is it guaranteed.  Qualification for an IVA depends on the personal circumstances that surround each individual case.… Read more

Due to the fact that a mortgage is a secured debt, it cannot be included as a debt within an IVA proposal.

None payment of a mortgage could result in a property being repossessed, therefore top priority should given to the mortgage repayments, above other 'non priority' debts such as loans or credit card payments.

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How can I get a mortgage whilst on an IVA? Good question! Arranging a mortgage is difficult enough when finances are tight, so it would seem impossible to be able to arrange a mortgage when you are actually in an IVA, but it isn't.… Read more