After final payment next month, how soon would I be able to remortgage to get a better rate ?

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Dev.40

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Post by Dev.40 » Wed Oct 12, 2016 11:18 pm
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I am due to pay my final monthly payment on my IVA beginning of next Month . That would complete 6 years. My question is I have a mortgage with NRAM (formerly Northern Rock) so my interest rate is much higher. How soon would I be able to remortgage to go to a lower rate ? My regular Bank is HSBC who are also offering the best remortgage rate would this be favourable to me as it is also my personal bank.
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Andy.75

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Post by Andy.75 » Thu Oct 13, 2016 1:52 am
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Hi
Read my post that is posted below yours. Ive just done exactly that. Swapped from interest only Northern Rock mortgage to First Direct / HSBC repayment
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Foggy

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Post by Foggy » Thu Oct 13, 2016 8:02 am
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http://www.iva.co.uk/forum/topic.asp?wh ... 067#633171
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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Lisa Thomas

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Post by Lisa Thomas » Thu Oct 13, 2016 2:59 pm
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You will need to get your CC and come off the register first before you can tidy up your credit rating.
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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Lisa Thomas

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Post by Lisa Thomas » Thu Oct 13, 2016 3:00 pm
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Speak to one of the mortgage experts on the forum -Shaun or Ryan for their help.
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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luluj

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Post by luluj » Fri Oct 14, 2016 8:12 pm
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Ryan and Shaun's details can be found on this link.

http://www.iva.co.uk/forum/forum_experts.asp
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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Shaun Vickery

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Post by Shaun Vickery » Mon Oct 17, 2016 4:24 pm
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Although it's possible to do something beforehand, once you have your IVA completion certificate, the magical 6 years since your IVA was registered is a massive milestone. Get a copy of your credit report (I use www.noddle.co.uk which is free for life) and then a Specialist Mortgage Adviser should be able to help
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.

For individual, confidential mortgage advice see my details under the IVA Experts or go to http://clients.theselectpartnership.co.uk/
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