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Posted: Mon Nov 12, 2007 7:38 pm
by mark.m
I have try a couple of local independent mortgage companys and they all say social homebuy is a no no! They say its because i'am on a IVA , can anybody help me as well only can afford to buy 50 % we think . Thanks to you all for help past.
regards mark
Posted: Mon Nov 12, 2007 8:21 pm
by Andrew Graveson
Hi Mark,
Many of these schemes operate under a restrictive panel of lenders which, depending on the list, could mitigate against purchase while in an IVA.
I'd suggest a call to a mortgage broker on this site (there's Tony (Welshboy) and Mike as well as myself) so that they can confirm whether or not this is a viable option for you.
Andrew Graveson
Mortgage Broker & Bright Oak Debt Management
andrew@brightoak.co.uk
www.brightoak.co.uk
Posted: Mon Nov 12, 2007 9:03 pm
by mikebdomain
Hi Mark and welcome to the forum - which homebuy scheme are you using?
If it is under the council RTB homebuy scheme there are not so many restrictions on lenders as there are under private schemes.
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