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Posted: Wed Jan 26, 2011 8:35 pm
by freddy
hi just a quick question, been in iva for 3 months. managing just! is there any chance that you can apply to your mortage company and fix your mortage rate when you are in a iva?
Posted: Wed Jan 26, 2011 8:37 pm
by kallis3
Hi freddy,
Nothing to stop you from trying. They can only say no. If you make any savings though you may have to pay them across to the IVA.
Posted: Wed Jan 26, 2011 8:51 pm
by freddy
thanks just want to know if we can fix. scared intrest rates are going to fly up and struggle to make payments.will ring them. we just didn't know if you could make any changes to mortage whilst in iva!
Posted: Wed Jan 26, 2011 8:57 pm
by kallis3
A lot of posters try to get fixed rates if they can whilst in an IVA. At least you know you can breathe for a while if the interest rates go up.
Posted: Wed Jan 26, 2011 9:00 pm
by Shining
All the best, I'm wondering if maybe I should approach my lender, it might be worth doing if these interest rates are going to rise as predicted. x
Posted: Wed Jan 26, 2011 9:04 pm
by kallis3
Might be worth trying for Lesley, although I think interest rates might not be going up quite as soon as originally thought as things have gone back into negative again.
Posted: Wed Jan 26, 2011 9:07 pm
by Shining
It's a tough one isn't it? Might ride it out and see how things go for a while x