Mortgage help

[worriedchick]

Hi

Our IVA completed last May! Hooray!! However we are now thinking of buying a house but are still getting defaults registered month after month from companies who bought our debts during our IVA. Is there anyway we would get a mortgage?

[kallis3]

Hi,

You need to sort out your defaults by sending off a copy of your completion to the creditors who are doing this.

As regards a mortgage, have a word with either Shaun or Ryan (details under the expert link on the left hand side of the page) who have been a great help to posters on here.

[Lisa Thomas]

As Kallis says you need to stop the creditors doing this - send them another copy of your CC and get them to update their records and adjust the defaults.

[carpetman]

Hi there been working hard to keep up repayment nearly there lol I have I big problem not sure how to deal with this aperture have said they sent me the re mortgage letters to release the equity 30 days have past got a letter saying I'm in breach of contract I told them did not receive it they said not to worry just try to get a re mortgage from a couple of places I ask them what the final settlement would be so I had some figures with the existing mortgage to get a re mortgage if that makes sense they said just try to get a couple when you get declined send us the paperwork should I approach my existing lender? does any one on this site know of anyone who can get me two quotations and how much this would cost cos I haven not got a clue what I got to do thanks peter

[Lisa Thomas]

Ask your IP what evidence they requite to show a remortgage is not possible.

They will already know it will not be possible but will need something for their file. Some firms will just accept a screen shot of the application being denied. However I think some on here will suggest you get an answer in principal rather than making an actual application as this could damage your credit rating further.