We're due to come to the end of our fixed rate deal the end of September and are also about to try and move (just about to go on the market and am keeping everything crossed!). Hopefully we should have approx 75% LTV but no less than 80%, i'm tying to find out who will consider people for mortgages who are in an IVA. So far i've contacted Lloyds, The Co-op and Britannia and none of these will touch us due to IVA, in their own words they treat us the same as if we had gone bankrupt (can't believe they still look on IVA customers so unfavourably?!) does anyone have any recommendations of who will consider IVA customers?
We're with Northern Rock at the moment and have had the ok to port our existing mortgage to the new place. They've also offered a fairly good fixed rate deal of 4.99% for 2 yrs based on 75% LTV.
Click on the experts link on the left - both Tony Parsons ( Welsh Boy) and Andrew from Brightoak have expert knowledge in mortgages for those in IVA's.
I don't know a great deal about mortgages, but that sounds a good deal to me and is comparable to the offer we had from Abbey when we renewed our mortgage.
I think thats sounds like a really good deal, and at least you won't have the stress of all the phone calls. We pay 5.99% at the moment with Abbey we fixed ours last year for 5 years (so our 4th year equity would fall about the same time) The interest rate was about 7% at the time, unfortunately a few months later it dropped like a bomb
We fixed ours for 5 years at around 5.29%. We could have fixed it for a shorter time and paid less, but I'm sure interest rates will go up soon and I'd rather know what we've got to find each month, especially as Dave is self employed.
Thanks for all the replies [:)] I'm thinking it may also be easier to stick with NR as they already know all our 'history' and won't have to go through it all again.
