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Posted: Mon Jun 10, 2013 8:54 pm
by dazza
I am having my creditor's meeting on June 14th and my current mortgage deal ends on the 29th June.I have applied to remortgage with the same firm on a 5yr fixed rate,I am still waiting on this to go through.Is it unlikely this will no longer be accepted,it was sat in someone's tray when I spoke recently.If not accepted,what are my options?Could my partner apply solely as an option?

Posted: Mon Jun 10, 2013 8:58 pm
by Adam Davies
Hi

If not accepted for another fixed rate you will just go onto the mortgage companies standard vatiable rate, this may be cheaper than your fixed rate that is ending
Either way nothing to worry about

Regards

Posted: Mon Jun 10, 2013 9:45 pm
by dazza
Hi,

The figure for the variable is £30 extra which would be manageable,I can only see that figure increasing and could become difficult to find shoul there be large increases.I havent forwarded this extra payment information for my creditors meeting as yet,should I forward this on or wait for my mortgage response?

Posted: Mon Jun 10, 2013 11:31 pm
by MelanieGiles
It is usually best to get things like this sorted out before an IVA begins - especially given the close proximity in both dates. Did you mention this to your IP when they were preparing your proposals? if you have to go with the deal currently on offer, has the additional £30 been taken into account in setting your proposed IVA monthly payments?

Posted: Tue Jun 11, 2013 7:25 pm
by dazza
Hi,i have not currently submitted this information but will do it today.