Is there any point in trying to remortgage now or best left until IVA falls off in 2015 ?

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robbo201

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Post by robbo201 » Mon Sep 30, 2013 7:46 pm
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My mortgage was provided many years ago on an % only basis, but this is due to be cleared in just over 4 years. Obviously I could not afford to change to a repayment basis until now but when the 4 years is up I need to re mortgage - which is going to be more difficult in the current climate. As the current mortgage is with Bradford and Bingley, is there any point in trying to re mortgage now or when the IVA falls off in 2015? thanks
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Foggy

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Post by Foggy » Mon Sep 30, 2013 8:01 pm
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Hi, I am afraid the chances of being accepted while the IVA is live are slim to none.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Shaun Vickery

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Post by Shaun Vickery » Fri Oct 04, 2013 11:04 am
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I agree with Foggy, even if it were possible it would no doubt be at a higher rate of interest than you are already paying.
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