www.iva.co.uk

With all the talk of mortgages recently I hope some one can advise. I have just fixed my new mortgage with GMAC for the next 2 years at a very good rate. The offer I recieved was before my credit rating went out of the window. Once the fixed rate is over (I know that we cant predict the rates in two years time) will I have to go back to my broker to try and get a new deal or will I be able to talk to GMAC and just get a new deal ? Will GMAC need to do a new credit check on me or because I am allready with them will they just offer the best deal they can ?

Hi
You can do either but what is important is that you keep your IVA upto date because if you do have to go with another company you will need a reference from your IP that your IVA is running well and is upto date.
Regards


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

Its more the fact that my IVA should be over in 2-3 months time and I just want a simple life with a mortgage that I can afford.

If I stayed with GMAC would they need to credit check me again or would they even be aware that I had done a IVA ?

Hi
I think Mike will be the only one who can answer that,my gut feeling is that they will ask the question of whether you have entered into an insolvency agreement or not and that it will affect your ability to have a mortgage that is not loaded due to the adverse credit risk
Regards

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