How will an IVA affect my home?

If you’re considering an Individual Voluntary Arrangement (IVA), one of the first questions you might ask is: “Will I lose my home?”.

We’re here to reassure you – an IVA is designed to protect your home and help you avoid bankruptcy. Whether you own your home, rent or are a landlord, we’ve supported thousands of clients in your position.

Here are real examples showing how an IVA can work around your living situation. Please remember that these examples are of individual people and everyone has different experiences, so you may not have the same outcome.

Full and Final Settlement IVA examples

“I sold my house and used the equity to settle my debts.”

A government worker with £40,000 in unsecured debt couldn’t afford repayments. He sold his property, using £15,000 of equity to fund a full and final IVA.

• The IVA was completed in just 15 months.
• Creditors wrote off £25,000.
• He avoided bankruptcy and protected his career.

“I remortgaged and became debt-free in six months.”

A teacher owed £50,000 and had £40,000 in home equity. Worried about the impact of bankruptcy on her employment, she entered a full and final IVA.

She successfully remortgaged to release £20,000, which was used to settle the IVA.

• The IVA was completed in six months.
• Creditors wrote off £30,000.

Renting during an IVA

“My tenancy wasn’t affected and I got back on track.”

We supported a police officer with £40,000 of debt. Bankruptcy would have impacted his career. Instead, we arranged an IVA with £200/month repayments.

• His rental contact remained in place.
• He became debt-free in five years.
• £28,000 of debt was written off.

Landlords in an IVA

“I owned 28 properties – and kept every one.”

A professional landlord owed £200,000 and owned 28 buy-to-let properties. Bankruptcy would’ve meant selling everything.

We worked with him to create a detailed 12-month cashflow across all properties. After expenses, he could afford £800/month.

• Creditors agreed to write off £150,000.
• He kept his properties and income.
• Monthly repayments were reduced by over £3,000.

“I protected both my family home and my rental property.”

A teacher with £60,000 debt owned her home and a second rental property. We helped her prove both were vital to her family’s security and financial stability.

• She entered a five-year IVA with £300/month payments.
• Her IVA protected both properties.
• £42,000 of debt was written off.

You’re not alone – and you don’t have to lose your home

Whether you’re a homeowner, tenant or landlord, an IVA is designed to protect your assets while helping you get out of debt. It can give you a fresh start – without the fear of losing your property.

Ready to take the next step?

Call us free on 0800 316 1833, chat online or start a conversation with us on WhatsApp.