Is repayment option taken into account to obtain a re mortgage ?

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osb85

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Post by osb85 » Fri Feb 05, 2016 4:01 pm
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If you have equity in your house and need to obtain a re-mortgage, do they take only your current monthly mortgage payment into account or will they consider the re-payment option as we only pay interest only at the moment. I'm so excited to be the first half of the day before I have
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Shining

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Post by Shining » Sat Feb 06, 2016 12:33 am
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It's almost, if not totally impossible to remortgage whilst in an IVA in the current climate. To pay 12 additional payments can be an option in respect of the equity clause.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Lisa Thomas

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Post by Lisa Thomas » Mon Feb 08, 2016 9:47 am
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Hi - you probably wont be able to remortgage due to your IVA in any event so suspect the 12 month extension will apply to you instead.
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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