Re mortgage

[hara]

Dear jpj,

Thank you very much.

With regards.

Hara.

[MelanieGiles]

Yes jpj is correct that once creditors have accepted a full and final settlement there ought to be no need to make any further payments.

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

[hara]

Thank you very much Mrs.Giles,

That was very reassuring.
Thank you very much.

Thanks every one,who has given soothing replies.

Much appreciated.

Withh regards.

Hara.

[jpj]

Good luck Hara

If you need a second opinion on the remortgage I can recommend Mikebdomain on here. His company have been brilliant securing me a competative remortgage on my house.

All the best

JPJ

[mikebdomain]

Hi Hara - sorry it has taken me so long to reply to your thread, but with Christmas etc. and with me, supposedly off work until the 7th, the wife will only let me at the computer for a short time each day... [:)]

You certainly have got a good rate, just a slight correction though Andy, the BOE base rate is currently 5.5%, the next BOE review is due on the 10th Jan.

As your mortgage is portable you will be able to move it to another property with minimum charges and without another application.

All lenders have been advised by the FSA to be sympathetic with borrowers coming out of fixed rates, so, your first port of call should definitely be with your existing lender. I would write to them now, (by registered mail) with a request for a reviewed fixed rate, the worst they can do say is no... Do advise them of your current situation with the IVA, a letter from your IP stating that your IVA has, been carried out to date, satisfactorily, will carry some weight.

Failing that, your existing broker should be able to offer advice on the best way forward, but you do need to be speaking to him sooner rather than later, as your IVA will slow down the application as references will be required, and you need to get it sorted before the higher rate starts.

Failing that you could speak to any of the brokers that post on this forum;

Myself (Mike Burridge) of Leybridge Limited
Tony Parsons of All Mortgage Products
& Andrew Graveson of Brightoak

None will charge you for a fact find, nor for finding you the best interest rate and mortgage product available, based on your wants, needs and circumstances. All will need to carry out a credit search to verify your current financial circumstances. It is not possible to suggest an interest rate that you may be able to achieve, without all the details and facts to hand.

As previously mentioned, I am not in the office until the 7th, but our advisors are working from the 2nd. Please feel free to ring them on the freephone number found on my profile.

P.S. Thanks Jpj [:D]


FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Whole of Market Mortgage Broker & Mortgage packager
Specialising in adverse credit.

Directly Authorised Firm FSA No:313790

CeMAP 1,2 & 3 qualified
F.P.C 1,2 & 3 qualified
Financial Planning Certificate
Certificate in Regulated Customer Care
Certificate in Regulated General Insurance
Associate of the Charted Insurance Institute

see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf

[hara]

Dear,Mr.Mikebdomain,

Thank you for your kind reply.

I am contemplating a F&F,with a combination of help from my two sons and sale of house. All this may take some time.

In the mean time I am trying to arrange a fixed rate for my mortgage with poratble facility.

I did phone my existing provider who has asked me to phone 6 weeks before my term ends.

I shall contact you after you are back at work.

Now I am in IVA, so a fixed amount goes rather than before where it was unmanageable. Should not it be that my position is better now to obtain a remortgage.

A slight increase of about 100 to 150 per month may be managable.

Any comments and advice would be grately appreciated.

Thanks.

Hara.

[Skippy]

Good luck Hara, I hope you manage to sort your mortgage out.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[Andrew Graveson]

Hi Hara,

I think you should be a little careful if time is of the essence (for example your rate will jump up).

Six weeks may be enough time for your existing lender to take care of everything if they can offer you what you need.

If it turns out that they cannot offer you an appropriate deal you will probably not have enough time to remortgage elsewhere and find yourself stuck on a very high rate in the interim.

As Mike stated previously none of the mortgage brokers that post on this site (Mike, Tony and myself) would charge to have a look at the market for you.
If time is tight I'd suggest that you action this as soon as is convenient for you.



Andrew Graveson
Mortgage Broker & Bright Oak Debt Management
andrew@brightoak.co.uk
www.brightoak.co.uk