www.iva.co.uk

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

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

Excellent advice from Andy.