- Fri Mar 07, 2014 3:25 pm
There is absolutely nothing to stop you moving while you are in an IVA as long as this does not affect your ability to make your on-going payments. Given that you feel that overall your disposable income will remain the same then there should be no problems with this move in theory. However you must have a chat to your IVA company and make sure they are happy before you do anything.
Just a couple of practical issues. Melissa has pointed out that you will need to pass a credit check if you are looking to rent through a private letting agent. This will be difficult now you are in an IVA. One way around this is to get someone to act as a guarantor for the rent. Have you anyone who could do this?
You will also need to think about the deposit you will need and how you will get this together as if the rent on the new place is higher the deposit you get back on your current place may not cover it.
IVA completed - July 2011
As a forum moderator I am here to help other forum members by sharing my experience of solving a debt problem and giving suggestions and advice where I can.