Our calculator will help you to decide whether an IVA is right for you.
A Debt Lifeboat IVA could protect your mortgage and save your home from creditors. It's one of the best reasons for choosing an IVA over bankruptcy.
If you file for bankruptcy, your home is often the very first thing that the Trustee in Bankruptcy will seek to sell. The Trustee in Bankruptcy may even seek to force a sale against your will.
But if you enter into an IVA with Debt Lifeboat, creditors accept that your mortgage payments come before any payments into the IVA. So long as you maintain your monthly mortgage and IVA payments your home will be safe.
If you have equity in your home, most of it (typically 75%) will need to be paid into your IVA. However, this money is generally paid within the last two years of your IVA, enabling you to re-mortgage your property.