Hi, we had our IVA settled in April 2014, it was a full and final settlement and the IVA lasted 3 years. We are looking at remortgaging as our rate of interest is huge. We are paying £2500 per month, £1000 of which is capital repayment, £1500 being interest. Our house is valued at £600000 and our mortgage is £328000 so we bascially have a 50% deposit. We have some mortgage arrears from before the IVA and having been paying towards these every month. All our other bills are paid on time every month. Can anyone advise where I can go for a remortgage to try and get my mortgage payments down.
Hi. If you started the IVA in 2011 it is still a little early as it will still be on record. In the meantime I would suggest a chat with one or both of our mortgage experts, Ryan and Shaun.
You can find their details by clicking on the "Ask a Question" tab ( top left) and scrolling down to the experts details section.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Re-mortgaging within the first 6 years (settled or not) is very unlikely IMO.
It would be worth speaking to your current provider to see if they will do a product change. This is not the same as a Re-mortgage. Very, very similar - just with the same lender...
