- Friday, 3 April 2009IVA help could remain on the cards for many Britons in light of continued abnormalities in the housing market.
Stephen Thornton, UK media relations manager at the Royal Institution of Chartered Surveyors, notes that house prices have shown signs of recovery.
But he warns against seeing such indications as proof that the economic turbulence is over.
"While the housing market may now be out of intensive care, it remains some way off a return to normality," he advises.
"A key issue going forward will be how rising unemployment balances the improvement in housing affordability," he adds.
For homeowners who find they become unemployed while their property is still in negative equity,
IVA solutions could provide an alternative to equity release plans.
IVA help can allow an individual to retain ownership of their home by using only part of its equity to meet repayments to creditors over a fixed period of years.
Recent IVA News23% of first-time buyers save for five years to raise a depositWed, 04 May 2011
Brits dealing with Finance Management should shop around for car insurance Wed, 04 May 2011
Parents, including those with Finance Management, advised to start saving for children's weddingsTue, 03 May 2011
Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
Brits, including those with Finance Management plans, to spend £267 on Royal Wedding Tue, 26 Apr 2011
Equity release can be used to 'become debt-free'Tue, 26 Apr 2011
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