I am concerned that I may lose my house.

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Kirrsty.s

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Post by Kirrsty.s » Fri Nov 14, 2014 3:46 pm
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I am in the final year of my IVA and wanting to re-mortgage my house. I am concerned that I lose my house.
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bridgey

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Post by bridgey » Fri Nov 14, 2014 3:48 pm
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you have next to no chance of a re-mortgage whilst still in an IVA unfortunately.

If all you want is to go on to a new rate, speak to your current provider, they may be happy to do a change of mortgage product.

If you want to get more funds - as I say, you're not going to get much/any luck unfortunately.
Half the lies you tell aint true
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Foggy

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Post by Foggy » Fri Nov 14, 2014 4:54 pm
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Hi -- are you "wanting" to re-mortgage, or "need" to re-mortgage to release equity for the IVA?

At the moment no-one is able to re-mortgage and, usually ( depending upon the wording in the proposal) a 12 month extension is applied instead. You will not be made to sell.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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