Can I ask my mortgage lender for a lower rate now I am out of a fixed rate whist in an IVA ?

[Al.86]

Can u ask your morgage lender for a lower rate now out of fixed while in iva?

[Foggy]

You can ask -- but they will know you are in an IVA and probably want to keep you on the higher rate -- they know you cannot go elsewhere !

[emptypockets]

Who are you with?

I'm with Halifax and they changed my rate without any problems

[Al.86]

Thanks emptypockets im with santander, never used forum before, thanks.

[Foggy]

You might be OK with Santander -- I believe they are pretty understanding.

[Michael Peoples]

I have heard bad reports about Santander if you have negative equity or an impaired credit file. They often leave their clients on their standard variable rate knowing that the clients cannot move elsewhere. They therefore save the best deals for new clients and those in a position to move their business which is unfair if you ask me.

Hopefully you will be fine AL.86 and let us know what they say.

[Al.86]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Michael Peoples

I have heard bad reports about Santander if you have negative equity or an impaired credit file. They often leave their clients on their standard variable rate knowing that the clients cannot move elsewhere. They therefore save the best deals for new clients and those in a position to move their business which is unfair if you ask me.

Hopefully you will be fine AL.86 and let us know what they say.

[Al.86]

Thanks will let you know,sorry still getting used to using the forum,great help..