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Posted: Sat Jun 06, 2009 10:57 am
by sophie3
Hiya
I'm currently in my 4th year of my IVA and I have mortgage, and would like to remortgage. My broker has said that there are no mortgages out there for people who are still in their IVA - it has to be completed for 12 months. Is this true? has anyone else managed to find one?
any help would be fantastic
thanks
emma
Posted: Sat Jun 06, 2009 11:00 am
by kallis3
Do you need to remortgage as a condition of your IVA? If so, then approach your current company.
Otherwise, you may find it difficult to find someone, but it is not impossible.
Tony Parson, who posts as Welshboy on here may be able to assist if he is around.
You can find his details by contacting on the experts link on the left hand side of the page.
Posted: Sat Jun 06, 2009 11:06 am
by Welsh Boy
sophie3
Welcome to the forum, at present those in an IVA would be looking at a mortgage at circa 75% loan to value i.e. If your property was valued at £100k then the max would be around £75k including fees.
The rate and lender would depend on the outcome of a search done on you.
It isn`t easy but it`s worth trying.Tony
Posted: Sat Jun 06, 2009 11:12 am
by kallis3
Sophie - I have deleted your other thread as it was a duplicate of this one.
Posted: Sat Jun 06, 2009 11:25 am
by sophie3
Thanks very much
I'll email you direct later Tony.
Thanks very much
Emma
Posted: Sat Jun 06, 2009 9:52 pm
by Shining
I can vouch Tony is a sound guy, he came to my house and sorted out my remortgage to enable me to get an IVA and he is very professional, friendly and gives excellent service.