Mortgages

[whichwaynow]

Now my IVA has been approved and will last for 9 months. I have got a 2 year fixed rate 5.45 % mortgage. Looking to the future in 2 years time what will be the chance of getting a good rate with a high street mortgage provider, or will I have to stay with brokers that deal with poor credit.

[MelanieGiles]

There will be many options available to you at that time - and a good mortgage broker who specialises in adverse credit mortgages will search the market 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

[Adam Davies]

Hi
5.45%....WOW i wish I had that !!!!
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[catullus]

The stock answer is that you're likely to be considered sub prime for quite a while, but the reality is that it all depends on the mortgage market at the time that you're looking to refinance.

Current conditions point to quite a hardening in the perception of risk at least for a few months ahead but beyond that, who knows?

Perhaps Storm will have some views on the market.

[mikebdomain]

Hi whichwaynow

5.45% hmmmmm, nice rate....

What is your reversionairy rate?

What is your reversionary rate?

The BEST thing you could do in two years time is talk to a mortgage broker who deals with bad or adverse credit. They will be able to find you the best product available based on your circumstances with a view to moving you to a high street product once your credit rating improves.


FREE ADVICE IS THE BEST ADVICE

Mortgage Broker
Specialising in adverse credit.

See feedback and testimonials at: http://www.leybridge.com/testimonial.php