IVAs

An Individual Voluntary Arrangement, or IVA, is an alternative to bankruptcy in which the debtor arranges a formal agreement with his creditors to pay off a percentage of his debt over a set period of time, usually 5yrs.

An IVA is seen as advantageous to bankruptcy as it has less of an adverse effect on the person’s credit history and their home remains untouched.

However if you have an IVA, you will be aware that it is much easier to keep your home, although it is standard for many IVA’s to include a clause that stipulates after a set number of years you will be required to have your home valued and to give your creditors a certain percentage of the equity that has been built up as a final payment.

Natural Mortgage Solutions can help if:

• You are currently in an IVA which is running satisfactorily and you are looking to remortgage to make the final payment to creditors
• You have completed you IVA less than 1 year ago and are looking to purchase a new property or remortgage your home
• You Have completed your IVA between 1and 3 years ago and are looking to purchase a property or remortgage
• You have competed your IVA over 3 years ago and looking to purchase or remortgage

FACTS

The longer you have completed your IVA the better the mortgage deals you will qualify for and less deposit or equity will be required.

Contact Natural Mortgage Solutions to receive advice from our specialise mortgage consultant and receive a free no obligation quote.

THE OVERALL COST FOR COMPARISON IS 7.95% APR

The actual rate will depend on your circumstance. Ask for a personalised illustration. Paying off short term loans and credit cards with a mortgage could cost you more over the long term.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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ONLINE TRACKING
We will keep you regularly updated and provide you with our ONLINE TRACKING service so that you can monitor the progress of your application 24hrs a day.

YOUR RATE REMINDER
Once your mortgage is up and running we will then provide you with a rate reminder service. This will ensure that when your special rate ends you will know all your options and the best available mortgage rates, to stop you paying lenders standard variable rate. By making the most appropriate choices could save you tens of thousands of pounds over time!