Thanks to our wonderful Melanie Giles, I arranged a lump sum IVA just over 2 years ago and have never been happier! I opened a Nat West step account with no problem, and curently have my mortgage with the Bradford & Bingley but they will not extend my mortgage term when it runs out and I will obviously have to change lenders which I would prefer not to as the% rate will prob be much higher. Anyway, wondered if anyone knows of any more understanding banks who it maybe worth changin to now in advance. I dont want to stay with Nat West if others maybe more sympathetic.
Are you still on the register Robbo? It might cause problems if you go for another mortgage.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Presuming your IVA was approved in 2009 from what you say....it means it will stay on your credit record for 6 years from that date - therefore until 2015. However if you approach a whole of the market mortgage broker they should be able to offer some advice - the interest rate will be higher - I have been quoted upto 8.5% today for 6-12 months whilst I prove myself to be worthy and then they feel confident they will be able to reduce this downwards !
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
