Mortgage Bankruptcy UK TMW - The Mortgage Warehouse

An IVA is a less formal alternative to bankruptcy, and its flexibility will vary from case to case. An IVA will enable an individual to pay the whole of the debt or a part over a period of time. It is a way of working with your creditors to achieve a way forward rather than suffer the stigma of bankruptcy.

An IVA is a formal insolvency procedure and was a new concept introduced by the Insolvency Act 1986. It was designed to be an alternative to bankruptcy in that the debtor could avoid bankruptcy or alternatively have a Bankruptcy Order annulled through a voluntary arrangement.

Fortunately, we use lenders that will consider applications from potential borrowers who have been or are still subject to an IVA. Let one of our Mortgage Advisors help you make the right decision.

Tel: 08700 42 42 40

The Mortgage Warehouse has a great deal of experience and expertise in finding mortgages for people who don’t fit in with traditional lenders’ standard criteria.

We can even help if you have been declared bankrupt in the past.

Bankruptcy comprises an order made under the Insolvency Act 1986 against an individual debtor (not a limited company) which signifies that he is unable to pay his debts. As a result of bankruptcy, bankrupts cannot trade or act as a company director.

To find out how we can help, complete the form online. Or call 08700 42 42 40 to speak to one of our experienced Mortgage Team.

The overall cost for comparison is 8.8% APR.

The actual rate will depend upon your circumstances. Ask for a personalised illustration. A fee may be charged on completion. This will depend upon your personal circumstances. Typically this fee would be £1000.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.