Hello. My IVA is due to finish this month . Looking for a new fixed rate mortgage.

[Michelle.mm]

hello my iva is due to finish this month and I am stuck on a high rate mortgage with northern rock. I am worried about the rates going up and want to know how to get a new fixed rate mortgage. we have never missed a payment and my husband and I work full time but we have about £150,000 still outstanding on a house worth £170,00 if we are lucky what can we do we are good payers and are now on our feet can we get one?

[luluj]

Have a chat with our mortgage experts on the forum Ryan or Shaun both.come recommended ... Details cn be found under meet the experts on the left hand side.

[Ryan]

Hi,
Sorry to say, you will not get anyone who will look to remortgage you at this time, 1. Due to the IVA still showing on your credit file, you need it to be clear, but 2. You do not have enough equity if your house, you will need at least 10% more likely 15% equity in order to change the mortgage.
You could call Northern Rock and see if they will offer you a new deal via Virgin Money, who now own them.
Good luck

[orange]

Hy Ryan is it worth ringing the company we are with too ,do they do that ?

[Ryan]

Hi Orange,
Sorry i don't know your situation or your current lender, so difficult to advise.
Please feel free to get in touch if you want to discuss this in more detail