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poxy

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Post by poxy » Tue Mar 23, 2010 7:15 pm
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Evening Everyone,

As you may now I have just had my F&F accepted and am just waiting for the chairmans report and to sign before it is offical.

I have some question I would be greatful if you may be able to answer.

1. My mortgage fixed rate runs out in 2011, will I be able to remortgage for a better rate ?

2. Say by then I am in a better job and good pay what is the likely hood of buying a bigger house and getting accepted for that mortgage ?

3. Will I require a big deposit ?

4. Is there anything I should do now in terms of my credit report etc.

I would be grateful again for any help or advise.

Regards

Engin
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Adam Davies

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Post by Adam Davies » Tue Mar 23, 2010 7:42 pm
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Hi
The IVA will be on your credit record for the full six years, from when your IVA started, even though you have ended it early. You will need a good deposit, say 20% in order to secure a mortgage and the longer you leave it the better deal you should get.
Personally I would leave your credit files alone and just let the IVA drop off after the six years are up
Regards
Andam Davies
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kallis3

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Post by kallis3 » Tue Mar 23, 2010 7:50 pm
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Excellent advice from Andy.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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