It can be done, but you will be limiting the available lenders and getting higher interest rates. If you wait until everything has cleared down you will have more options and better rates.
Have a word with Ryan and / or Shaun, who are whole of market brokers who have experience of adverse credit applications:
Thank you Foggy. My mortgage interest is roughly 4.5% and remortgage amount is 5.24%. Was just thinking if I could get better rate until everything is off record.
Hi Barassic. It is probably a little too early to make a formal application and you are likely to qualify for far better rates by waiting until the 6th anniversary. That said it does depend on exactly what you are hoping to do and it is an ideal time to be making preparations. We would normally be helping clients do this by checking credit files are correct, ensuring they are registered on the voter's roll, checking conduct of bank accounts and looking at potential solutions ready for the big day. There will still be a huge difference in the treatment by some lenders and rate choice.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.
I have to agree with Shaun. We certainly have access to High Street Lenders who will look to lend normally at the 6th Anniversary of the start date. Prior to the 6th Anniversary we'd be looking at specialist Lenders so worth holding on if you can.
Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre
IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?
