Is getting a remortgage really achievable after an IVA?
It seems to me that even if it is you need to have a ridiculous deposit and the rates are well above the norm?
Can anyone share any positive stories about achieving a remortgage?
I feel really low today and just feel like we will never move on with our lives due to past mistakes and that an IVA is a life sentence and we have no hope. [V]
An IVA is a long hard road but valuable lessons have been learnt along the way. Now looking forward to enjoying a debt free future!
You're not alone with those concerns Christabelle.
We ended our iva 4 months ago, and completed it 2 yrs 10 mths early, so got a while yet before the defaults drop off, but after being on interest only has hampered our equity being accrued, so now making over payments on the mortgage to get some!
Best thing is to save as much as you can for a deposit I think.
Started IVA 27th Feb 2012 - Due to complete 27th Jan 2018 !!
Full & Final submitted and accepted 30th March 2015, paid 10th April 2015 - 3 yrs 1 month into IVA
Completion Certificate received- 30th April 2015!!
Speak to Shaun or Ryan via the expert link - they may be able to help you sort out a mortgage.
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
Thanks Kallis but from what I have read on the Web I have lost hope. Our future is ruined!...being in an IVA has ruined my life. I will not be able to raise 20-40% deposit in the near future and if I could I ever save that kind of money my kids would be grown up by the time I did and possibly left home so I would not need to move house! I am absolutely gutted. We have needed to move for 3 years now and the hope of that happening after the IVA is what kept me going. Now what?.....
An IVA is a long hard road but valuable lessons have been learnt along the way. Now looking forward to enjoying a debt free future!
Everyone is different... every iva is different....every mortgage aplication is different.
Speak to Ryan or Shaun and they can advise based on your circumstances ...deposit levels vary and each application will be looked at seperately ..don't give up hope.
Ryan has personally helped us twice and I know has helped other forum members over the last few years .. not all will have had the 20-40% deposit you mention.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Christabelle_sparkle
Thanks Kallis but from what I have read on the Web I have lost hope. Our future is ruined!...being in an IVA has ruined my life. I will not be able to raise 20-40% deposit in the near future and if I could I ever save that kind of money my kids would be grown up by the time I did and possibly left home so I would not need to move house! I am absolutely gutted. We have needed to move for 3 years now and the hope of that happening after the IVA is what kept me going. Now what?.....
Hi please don't stress! Remember the IVA helped you avoid Bankruptcy and you would have potentially had worse hurdles to jump. It doesn't mean game over - Contact Ryan or Shaun for some expert advice.
Christabelle
I need to know a bit more info on you.
My contact details are below at the website or under the experts tab on the lefthand side.
Can you call me tomorrow and i will clarify things for you
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre
IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?
