Just after some advice. We entered an IVA march 12, early settlement Oct 14 and completion certificate received April 15.
We currently have a mortgage with nationwide (£96k) that is portable and have the possibility of a perfect property (£130k) which would require no further borrowing as the deposit and fees etc would be paid with equity (should achieve £135k in sale) we have when we sell this house.
Does anyone have any experience with porting a mortgage, is it even possible with IVA still on file despite no further borrowing. Also would nationwide be aware of our IVA as don't want to give them a call to discuss only to alert them to fact we entered one and risk them wanting to change rates etc.
It will all depend on whether or not Nationwide and your IVA company are happy - Nationwide will have been made aware of the IVA as all mortgage companies are but most are not bothered.
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
You won't need to let the IVA company know but your IVA will remain on your credit record for the full six years from it being taken out.
Apologies as well - I misread the original question!!
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
If it were me I woukd contact Ryan from Zebra Money or Shaun from Select - both are mortgage broker experts on this forum who will offer you personal advice and may know of other nortgage products more suitable.
I can personally vouch for the service from Ryan's team at Zebra.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Nationwide have a good track record with those who have been in IVAs. Personally I would call them first and explain the situation as you may be pleasantly surprised.
Thank you we have now spoken to nationwide and wasn't an outright, we have a meeting booked with local branch next week to see if they can do anything.
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
