hi,
can anyone please advise on how to get a remorgage for the equity clause. I have contcated NRam who have not got a lenders liscence no more. If anyone has links on line that would be really helpful
Hi Chegs. You will find it nigh on impossible to get a remortgage whilst in the IVA. Hopefully your own proposal has clauses for this event (generally a 12 month extension) Older proposals can be more onerous, but variations can be proposed to change this.
One firm has started offering secured loans ( 2nd charges ) to cover this eventuality --- a (to my mind, dubious) practice that has some good points, but has been heavily resisted by clients posting here.
Check what your proposal states -- what you might be after are a couple of refusals, rather than an offer !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
im after a couple of refuses foggy, can i do it online as ive got the property valued and the redemption statement now. i just need a couple of links, to remorgage , to make matters worse
as im now divorced and its an interlocking IVA
I have a mortgage broker who will provide you with a written report for the cost of £100, which can be paid as an expense of your IVA - so no additional cost to you. Let me know if you are interested in contacting him.
