Get expert opinion. This is the place for new questions to be posted.
-
Sarahd7869
- Posts: 11
- Joined: Mon Jul 14, 2014 5:57 am
Hi its Sarah. Mortgage with Halifax but iva debts with royal bank of Scotland in my name only so wandering what will happen when mortgage deal is up as no one as explained and not seen this question on the forum I have so been reading and grateful to see I am not the only one struggling but getting there
Been in iva since Jan 2013 morgage on repayment ends Aug 2017 iva in my name only not husbund my name is on mortgage with Halifax but I have iva debts to end when this deal ends will we be able to carry on with this mortgage
-
UpToMyNeckInIt
- Posts: 607
- Joined: Fri Aug 03, 2012 3:25 pm
- Location: United Kingdom
... Chances are that Halifax will just put you on the standard variable rate once your fixed rate deal expires.
You will find it virtually impossible to remortgage until you credit file recovers 6 years after the start of your iva.
There is an outside chance that Halifax may offer you an alternate deal nearer the time, what with you being a loyal customer of their etc.
My opinions are just that: Based on my experience and being a self-employed IVA customer.
-
Goosed
- Posts: 953
- Joined: Tue Jan 19, 2010 8:40 am
- Location:
Hi Sarahd7869,
My mortgage is with the Halifax and my tracker deal finished three years ago.
When I contacted them near the deal ending they did offer me three different fixed rate deals (whether they still do I don`t know),
My IVA company wouldn`t authorise me taking one as they said my mortgage payment would have increased too much and would have had too adverse an impact on my IVA payment.
So I just had to revert to Halifax`s SVR when my tracker mortgage ended, my mortgage payment increased immediately by £43 per month, and a year later by another £9 per month.
"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".
Eric Cantona
-
Sarahd7869
- Posts: 11
- Joined: Mon Jul 14, 2014 5:57 am
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Sarahd7869
Hi its Sarah. Mortgage with Halifax but iva debts with royal bank of Scotland in my name only so wandering what will happen when mortgage deal is up as no one as explained and not seen this question on the forum I have so been reading and grateful to see I am not the only one struggling but getting there
Been in iva since Jan 2013 morgage on repayment ends Aug 2017 iva in my name only not husbund my name is on mortgage with Halifax but I have iva debts to end when this deal ends will we be able to carry on with this mortgage
-
Sarahd7869
- Posts: 11
- Joined: Mon Jul 14, 2014 5:57 am
On 5.4 interest on repayment will finish 2015 not 2017 so hoping have is lower thanks for your replies
-
Sarahd7869
- Posts: 11
- Joined: Mon Jul 14, 2014 5:57 am
Half of text missing hoping standard variable rate will be lower
-
Goosed
- Posts: 953
- Joined: Tue Jan 19, 2010 8:40 am
- Location:
Halifax SVR is currently 3.99%
"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".
Eric Cantona
