remortgaging in iva

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1
Post Reply
 
 

sostressed

User avatar
Posts: 36
Joined: Mon Oct 29, 2007 2:35 pm
Location:
Post by sostressed » Thu Jan 17, 2013 9:57 am
Quote
do mortgage lenders actually approve remortgage whilst your in an iva, one of my creditors was my mortgage company as I had an unsecured loan with them ??
Top
 
 

Niobe

User avatar
Posts: 5169
Joined: Tue Jul 03, 2012 9:56 am
Location:
Post by Niobe » Thu Jan 17, 2013 10:24 am
Quote
HI,

You are highly unlikely to be able to get a remortgage whilst in your IVA regardless of whether your provider is a creditor or not.
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Fri Jan 18, 2013 9:48 am
Quote
Best to advice from your IP but a lot of the time if there is equity further payments can be made in lieu of this.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
 
 

Ryan

User avatar
Industry Expert
Posts: 1167
Joined: Thu Nov 03, 2011 10:03 pm
Location: United Kingdom
Post by Ryan » Fri Jan 18, 2013 1:12 pm
Quote
Hi

There are no mortgage lenders who will lend to remortgage, to release equity to you whilst the IVA is still open.

This is not a bad thing, as you can speak to your IP and they will normally extend the IVA for 12mths.

Hope this helps, good luck
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?

Contact me at http://www.ivamortgageexpert.co.uk or via the expert page
Top
 
 

Jeano99

User avatar
Posts: 144
Joined: Tue Dec 11, 2012 8:03 am
Location: United Kingdom
Post by Jeano99 » Fri Jan 18, 2013 5:30 pm
Quote
Hi Ryan
If a remortgage is unlikely, can a secured loan be forced upon you ??
I'm unsure of some of the wording ( 3rd party ) in my iva
End is in sight #128512;
Top
Post Reply
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”