Hello everyone i would like some advice, We have a mortgage with NRAM on the standard variable of 4.59% and would like to remortgage, we made our last payment into our IVA last month and obviously havent got a completion cerificate.
We have never missed a payment of our mortgage and i wondered if it was worth applying to our building society ( they have our payment history as all our wages goes into this account)
you really gotta wait till six years is up and you've cleared up your credit file and all trace of your IVA has gone. No high street lender will give you the time of day till you've done that.
There are whole of market providers out there but they'll be looking for high deposit and higher APR.
My thought your nearly there just wait a little longer on the upside a whole of market provider like Ryan (look up in the members section) may find you a high Stlender that does not ask the question "Have you ever eneterd into an agreement with your creditors"
Say yes to that question and a high st lender won't touch however long ago your IVA.
If you've cleared your credit file and you've gone past statute (six years) then I know how I would answer it
Lets just say posters on this site have said no and got high st lending. And some get a bit upptity about it.
Me-why blight yourself forever but it's just how your compass feels about it. And lets face it the banks are no angels and don't have a jot of morale high ground, with misseling, Libor fixing and money laundering weapons deals, sorry it's a no brainer
4.59 on a variable rate does not seem bad to me. If you are on a repayment mortgage, it may be better to keep chipping away at that, and at least develop more equity, and thus reduce the loan to value reliance in the meantime.
