Full and Final Accepted

[Pbryan10]

Hi All
Some advice appreciated. We have just had a full and final accepted after 18months onto our IVA. Our income reduced and we could no longer afford payments. We proposed our IVA on the basis of selling our house....market slowed right down now!! and no interest / offers to buy the house as yet.
I could remortgage with our lender accord but would need to lend approx 92% of the value to get the money we need to settle. Anyone had any experience of Accord mortgages or other lenders recently where you can still get 90-95% LTV mortgages? Interestingly Northern Rock had 25% of the debt and didn't vote!!

Thanks

[Oliver]

I have had no experience of Accord Mortgages but would suggest that you contact a specialised mortgage Broker to see if there is anyone on the market who is likely to lend you 92% of your property's value, plus any additional costs for setting up the mortgage.

Best Regards
Oliver

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