Is this a change of policy ? Will it mean that it will be easier to remortgage post IVA ?

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Brendan.t

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Post by Brendan.t » Wed Nov 18, 2015 11:11 pm
I'm in my 6th year of the IVA following failing to remortgage. I'm hoping once my IVA has completed that I may be able to remortgage with a high street lender.
I know this could be problematic but on talking to someone socially who works for Halifax has told me that the question about IVA/bankruptcy is now " Have you ever been made bankrupt in the last 6 years " as opposed to have you ever been made bankrupt.
She also said that Nat West also phrase the question in that way.
Is this a change of policy and does this mean post IVA that it would be easier to remortgage with these high street lenders
 
 

kallis3

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Post by kallis3 » Thu Nov 19, 2015 7:34 am
Hi and welcome,

As you have never been bankrupt then you can truthfully answer that question 'No' but if it asks about an IVA as well then you will have to answer 'Yes'.
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
 
 

Michael Peoples

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Post by Michael Peoples » Thu Nov 19, 2015 8:53 am
Some banks have been easier to deal with than others for a long time. However as Jan says you just have to answer the question honestly which is why it is worth using a specialist broker who knows the criteria of each lender.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

Adam Davies

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Post by Adam Davies » Thu Nov 19, 2015 9:13 am
Hi

Let's hope this is a change by the major lenders

Would help many move onto a sensible rate post IVA

Regards
Andam Davies
 
 

plasticdaft

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Post by plasticdaft » Thu Nov 19, 2015 8:51 pm
The tough stance on lending was always going to soften over time.

May be a while before 125% LTVs make a return though!!

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

Lisa Thomas

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Post by Lisa Thomas » Fri Nov 20, 2015 9:30 am
Ryan and Shaun on here are mortgage experts who can help guide you in the right direction for a remortgage.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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