IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Some mortgage companies are happy to do so, some won't. Mine own was happy to offer me a new deal once the IVA had finished even when I told them I had been in one.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I'm with the Halifax and they are more than happy to look at deal - to the point where I am waiting for an offer. Ok so it isn't a market leading 1.50% job but I have high LTV and its a mainstream rate, with a mainstream lender. payments may even reduce. and all the reduction is yours until the next annual review.
So if you can tie in the offer acceptance to the day after you review you will benefit from a full years worth of savings.
we are going through the application to get a better rate with our current lender (Santander), we have several debts to them also. The application was all done online and the new paperwork was through within a few days
getting there ....
Got there!!
IVA started 27/10/2010
final payment 27/10/2015
CC received 6/5/16
Off the register 5/8/16
A few have been converted to better rates during their IVAs. It does all depend upon the criteria of the lender ( and, I suspect, whether they had a good breakfast or not! ).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
