just completed the fifth year of our Iva

[mr.s]

Hi ,
We have just completed the fifth year of our Iva and await our completion certificate. What happens now ref credit and mortgage possibilities. Will be be difficult to get a mortgage? can you suggest a bank who will be sympathetic to IVA clients or Im I getting stressed for no reason.I have a mortgage at the moment,however want to move and will need a larger one.Thanks

[Adam Davies]

Hi
You will have no problem getting a mortgage but may struggle with a High st lender.There are many sub prime lenders and the interest rates are still very good.Your IVA details will remain on your credit file for another year.
I would use a broker when considering a new mortgage.
Good luck.

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

[MelanieGiles]

Hi mrs

Welsh Boy who posts on the forum (aka Tony Parsons) is very experienced in seeking quality mortgages for clients who have successfully concluded IVA's.

The fact that you have paid regular payments for the last five years does indicate creditworthiness, and finding a suitable lender ought not to be a problem.

If you are going to tie into a fixed rate mortgage, do not do this over a long period, as you will probably get a much better rate in a couple of years time when the IVA is long behind you. You do, however, need to be aware that interest rates may well rise in the meantime.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[mr.s]

Hi Mr.s here, thanks for the response to my query! Can anyone suggest a broker that they have found of use in the mortgage search?

Thanks

[MelanieGiles]

I think I have already answered that! You can contact Tony Parsons on 07970-438874. He has helped many of my clients in the past and present, and is completely independent so will shop around to find you the best deal.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk