remortgaging question for mike

[andrea]

if i remortgaged with you are anyone else and my house was worth £130000 what will i be able to borrow to the max if im in an iva

[Adam Davies]

Hi
I think I can answer that for you in that 90% is the max,so 117k,in this present climate.Infact it may be even less.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[andrea]

hi andy i know what you are saying about the mortgage clause but at the momnt they are trying i think to get another variation which will take us down to about £200 a month we are now paying £277 over the rest of the term they wont be getting as much back as there is another 4 years to go some im sure or hoping they will accept an offer what do you think we should offer in your opinion

[Andrew Graveson]

Andy's right to say that 90% might be the max but as always with mortgages it depends very much on individual circumstances.

There are still lenders offering 90%. When it comes to IVA's they will be interested in how long you have been in the IVA, whether your IP will confirm that the IVA has been "satisfactorily conducted", and whether the new repayments will be affordable.

There might be associated costs to factor in such as arrangement fees. Some lenders would allow these fees to be added on top of the 90%.

An independent mortgage broker would be able to match your personal circumstances with the mortgage products on offer.

Andrew Graveson
Bright Oak
andrew@brightoak.co.uk
www.brightoak.co.uk

[Adam Davies]

Hi andrea
Your creditors are due to get 18k plus a slice of your equity.To have a F+F agreed you will have to either match that offer or convince them that your IVA will not last the five years and that they,d be better accepting an offer now.
It,s not easy and you may well have to go the full five years.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[mikebdomain]

Hi andrea sorry I didn’t get back to you yesterday – I had the day from hell and could not get on the forum at all..

Jamie has all your details, I will get him to ring you later on today

FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

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

[mikebdomain]

Andrea - Jamie has tried to contact you to no avail... Can't email you as site admin had turned off the email due to spamming

FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

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

[andrea]

xxxxxxx

[mikebdomain]

Andrea I have the numbers please edit your post and remove them

FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

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

[Skippy]

Andrea I would defintitely delete your numbers if I were you - anyone can get access to this site and you could end up will all sorts of phone calls. In case Andrea is no longer online could Admin do this?

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/