www.iva.co.uk

I am potentially looking to move and was wondering if anyone could recommend a broker who deals with people in IVA's..
Whilst I appreciate the rate is going to be higher, I would like to know of some reputable companies to approach
Thanks[:I]

Hi Becky

I can recommend two good companies who I have used a lot in the past:-

Tony Parsons - who posts as Welshboy on the forum - contact details are antony.parsons@btopenworld.com

Andrew Graveson - who runs Brightoak Limited - contact details are andrew@brightoak.co.uk

Hope this helps

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Hi Becky,
All brokers that deal with the whole of the market
are and have to be reputable look up the FSA .com or google it.
You have to have paid 6 months IVA payments ontime in the last 6 months and have no more than 3 months mortgage payments missed in the last year.
Watch out though the US market has crashed see a broker asap.
Tom Owen is great google central mortgages and loans Wigan and tell him Ade told you to see him
Good lick

All mortgage brokers MUST be authorised and regulated by the Financial Services Authority (FSA) and will provide paperwork stating this in all correspondence (IDD). You can check any broker on the FSA Register by visiting the FSA web site www.fsa.gov.uk/register or by contacting the FSA consumer helpline on 0845 606 1234

There are lenders available who will lend regardless the age of the IVA as long a it has been carried out satisfactorily and within loan to value restrictions (LTV) will allow unlimited arrears.

However somebody in an IVA missing mortgage payments should possible revisit their IP, because there is obviously an affordability issue – ALWAYS MAINTAIN YOUR MORTGAGE PAYMENTS.

There have recently been serious issues in the US sub prime market due in the main to very high LTV lending not prevalent in the UK. This has had an affect on the UK market due to securitisation in the US market. Resulting in; some lenders withdrawing their sub prime product and other increasing their rates.


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Mike
Do you think that this is a "knee jerk" reaction fron some sub prime lenders or do you think the rate increases and withdrawing of products is here to stay ?

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Hi Andy

I think its both knee jerk and cynical.

Insofar; some have big money in the US and others are looking for increased profit.

I think over the next couple of months things will level out. Some products may or may not return but I would envisage a marked increase in LIBOR rates in September.

Newcomers into the sub prime market like Northern Rock have put all their sub prime products (only available via brokers) on withdrawal watch and increased their rates. Who knows what will happen with these new lenders they have been in the market for less than a year and already running scared…

I do believe sub prime is here to stay as there will always be money available from those private equity firms and investors that are prepared to take a risk.


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Mortgage Broker
Specialising in adverse credit.