ak20
Read your post with interest, your iva would have to be declared when you filled out the mortgage application it is a standard question on every application form that I have seen.
Who said they could get you a rate of 6% whilst in an iva, did they do a search on you and then report this rate back to you along with the lender.
What explanation did you get from the broker for the revised/reduced offer, and why would you want to go forward with it if it doesn`t achieve your objective. You are under no obligation to accept the offer if it isn`t what you want, did the mortgage actually complete.
Were the fees built into the mortgage, or were you to pay these seperately.
I can`t advise on what would happen with the payment of a brokers fee through a court I have never been aware of this ever being an issue, a lot of brokers have their fees built into the new mortgage with the clients permission negating any such incident of fees not being paid, as a matter of fact when there aren`t enough funds available in many instances I would have to waiver my fee or a proprtion of it. There are brokers who would put a charge on a property to get the fee eventually paid, but personally I wouldn`t do that.
I presume you signed a fee agreement with the broker, and can see after re-reading your post that the mortgage must have completed for you to now be having to pay a fee.
Out of interest what rate did B. Mids offer you when they found out about the IVA, this would have been detailed in the kfi document you would have received from the broker.
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