Will I have to sell my house?
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As long as you maintain your IVA payments and your mortgage payments, you will not have to sell your home. Depending on your equity level, you may be asked to re-mortgage your house to raise some money to pay off some of the debt. This will be discussed in detail with you before you agree to the IVA. Remember that we work on your behalf to arrange the best possible outcome, this includes you keeping your house.
For more information, please visit our IVA Page.
Important Information About Our Service & Fees
Whilst we strive in all cases to negotiate the best deal with your creditors, we cannot guarantee a reduction in interest or charges. Also as one of the largest providers of debt management solutions in the UK, we are able to provide initial advice over the phone without charge, however, if a debt solution is taken out, please be aware that fees will be charged. We aim to keep these fees as low as possible and believe that we are very competitively priced. View more detailed information on our fees including examples for each product here.
Further Additional Information
The insolvency service has produced a guide for people who are struggling with debt, which outlines each of the available solutions.
If an IVA is not maintained it could lead to bankruptcy.
