Posted: Mon Sep 30, 2013 7:46 pm
My mortgage was provided many years ago on an % only basis, but this is due to be cleared in just over 4 years. Obviously I could not afford to change to a repayment basis until now but when the 4 years is up I need to re mortgage - which is going to be more difficult in the current climate. As the current mortgage is with Bradford and Bingley, is there any point in trying to re mortgage now or when the IVA falls off in 2015? thanks