Our calculator will help you to decide whether an IVA is right for you.
One of the main benefits of an IVA is that your mortgage payments are treated as a 'priority debt' and therefore come before payments to the rest of your creditors.
Payments under your IVA are calculated on your disposable income. This is the money that you earn each month that is not used for essential living expenses, including mortgage payments.
So long as you continue to make your usual mortgage payments, an IVA will not affect your mortgage.
If you have a mortgage and are considering an IVA there are a few things to bear in mind: