can i change mortgage companies with an iva

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confused_

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Post by confused_ » Fri May 11, 2007 12:10 pm
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can i change mortgage companies with an iva
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Adam Davies

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Post by Adam Davies » Fri May 11, 2007 12:27 pm
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Hi
Yes you can,but let your IP know as there will be costs involved.Are you just trying to get a better rate ? If so any saving that you make will probably have to be paid into your IVA.
If you are looking to release money in your house then again you will need the authority of your IP.
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Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp
Andam Davies
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Oliver

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Post by Oliver » Fri May 11, 2007 12:32 pm
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Good advice from Andy. Yes you absolutely can but inform your IP before you sign anything.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
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Oliver
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MelanieGiles

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Post by MelanieGiles » Fri May 11, 2007 11:31 pm
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Hi confused

Just to confirm with the other posters that this is possible, but do shop around for your mortgage provider as there are a variety of differing charges and interest rates being sold at the moment. Choose an independent mortgage broker, who will shop around and get you the best deal.

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
Regards, Melanie Giles, Insolvency Practitioner
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Welsh Boy

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Post by Welsh Boy » Sat May 12, 2007 2:07 am
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Hello confused

Just to echo the advice already given, may I suggest if you are going to go forward with this course of action, a fixed rate with no penalty overhang is a good starting point.-Tony
F.P.C. 1,2,3 Qualified
Financial Planning Certificate
CeMap Qualified
Whole of Market Mortgage Broker
Managing Director : Debt Advisory Bureau
Debt Advisory 4U
Principal : All Mortgage Products

Directly Authorised with FSA :304244
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