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i This solution is only available in England, Wales and Northern Ireland.

How an IVA affects me

Individual voluntary arrangement mortgage advice

While you're on an individual voluntary arrangement (IVA) it’s unlikely you’ll get a new mortgage.

Your current mortgage is not usually included in an IVA, and you'll need to continue making payments as normal. If your mortgage payments change (for example because of an interest rate change) you can contact your supervisor to adjust your IVA payments.

If you’re on an IVA, you can’t take out any credit of more than £500 without getting written approval from the Supervisor of your IVA first. Also, it may be extremely difficult to a find a lender who is willing to give you a new mortgage while you’re on an IVA.

We recommend you think carefully before considering an option like a mortgage, and discuss this with your insolvency practitioner.

An IVA should be carefully considered because of the possible consequences for your personal, professional and financial life. There are many risks to consider with an IVA.

Read our guide to your IVA and credit rating.

Is an IVA right for you?

There are no up-front fees, and we won’t charge you for debt advice. Once your IVA is set up, there will be fees set by your creditors.

mum at the table with bills

Thinking about going ahead with an IVA?

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Will I need to remortgage on an IVA?


Under the terms of your IVA, if you have equity in your property, you may be required to remortgage six months before the end of the arrangement to pay a lump sum into your IVA.

Remortgaging to release equity to pay into your IVA is not restricted in the same way as taking out a new mortgage would be. However, it may still be difficult to find a mortgage company who will lend to you while you’re on an IVA.

What if I can't remortgage?

If you can’t remortgage, or if it would be too expensive to do this, you may need to make extra monthly payments into your IVA, increasing the term by 12 months. You can also get a third party to provide money for this.

For more information about IVAs and for help on any other debt issue, please use our online debt advice tool or get in touch with us by phone. Speak confidentially to one of our debt advisors, free from all landlines and mobiles.

They aren't available if you live in Scotland. In Scotland, a protected trust deed is a similar solution, but has different benefits, risks and fees associated with it.