moving mortgage to a better rate in IVA ?

[dionne.b]

Hello,
If I was on an IVA would I still be able to move my mortgage to a better rate oce my fixed term was up?

[MelanieGiles]

Hi Dionne

Yes that is entirely possible, but you will need to seek your supervisor's permission as this is taking out a new form of credit.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[coupleplus1]

Hi Dionne

Our fixed rate is up in March so I've been in contact with northern rock to try and secure another short term fixed rate but we have literally just been rejected because of the IVA so you may have to shop around a bit.

[Andrew Graveson]

Hello,

Whether or not you can get a better rate depends on a few things; not least the arrangement that you have now and what the repayments will adjust to at the end of the fixed rate period.

The lenders who welcome mortgages connected to IVA's are not necessarily names with which you will be familiar which is why mortgage brokers can be useful.

A whole-of-market mortgage broker is duty bound to find you an affordable, competitive and suitable mortgage arrangement based on your unique circumstances.