I have entered IVA for a year now, can I change mortgage company ?

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Jasmin.75

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Post by Jasmin.75 » Wed Jan 01, 2014 12:34 pm
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I have entered iva for a year now, and am on svr repayment with my mortgage, can i change mortgage bank company? I am with santander at the moment,were they are one of my creditors, may i try to apply to my current bank? Do i need to ask my IP before doing this? Many thanks.
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Foggy

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Post by Foggy » Wed Jan 01, 2014 12:37 pm
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Hi Jasmin. You will find it nigh on impossible to change lenders while you are in an IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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seagulls

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Post by seagulls » Wed Jan 01, 2014 2:08 pm
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Once in an IVA you cannot even re-mortgage with your current mortgage provider.
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plasticdaft

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Post by plasticdaft » Wed Jan 01, 2014 2:17 pm
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This is where people should if at all possible attempt to fix mortgage rates if at all possible before becoming insolvent.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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