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Posted: Tue Mar 15, 2011 8:08 pm
by robbo201
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.
Posted: Tue Mar 15, 2011 9:25 pm
by Shining
I don't personally but will keep this bumped up for another poster/expert who may be able to help x
Posted: Tue Mar 15, 2011 9:53 pm
by Broke of London
Hi - you could try a whole of market broker. Congrats on the iva xx
Posted: Tue Mar 15, 2011 10:57 pm
by kallis3
Are you still on the register Robbo? It might cause problems if you go for another mortgage.
Posted: Thu Mar 17, 2011 8:51 pm
by robbo201
Yes, I am still on the register but just thought it may be a better move to use a bank that consider us ex IVA's more favourably.
Posted: Thu Mar 17, 2011 10:23 pm
by luluj
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 !