Is there any mortgage provider that will take us on a fixed deal 18 months into IVA ?

[nigelpearsonasher]

I am 18 months into our IVA we have just come out of or fixed mortgage deal while at the moment this means I currentley pay a little less at moment we have been told that the intrest rate will go up soon and we could see a raise in the payment amount Is there any mortgage provider that will take us on a fixed deal

[Foggy]

Hi Nigel. To be blunt, no other mortgage lender will touch anybody in an IVA.

Many arrangements allow the IP the discretion to reduce payments ( without having it tacked on at the end) by up to 15% without having to ask the creditors to agree, so any rise in mortgage repayments can be countered this way.

[orange]

We are 3 years on and are struggling to get one

[Nutkins]

Hi orange! Do you mean 3 years post completion and still unable to obtain a mortgage? If so what reason have you been given by the banks