Page 1 of 1
Posted: Fri Dec 27, 2013 9:34 am
by mazzamac
Having read through a few posts can someone clarify that that you CANNOT remortgage remortgage or take out aa secured loan in order to settle the IVA as full and final settlement ?
Thanks in advance
Posted: Fri Dec 27, 2013 9:42 am
by Adam Davies
Hi
You can take a a remortgage/secured loan to settle an IVA if your creditors agree to it
Regards
Posted: Fri Dec 27, 2013 9:47 am
by mazzamac
Thanks Andy
Posted: Fri Dec 27, 2013 11:05 am
by Foggy
...and, of course, if you can find a suitable lender. If someone will lend, whilst you are in an IVA, it will be an a penal interest rate, which you will be stuck with for quite a few years when you MIGHT, after your credit history clears up, be able to remortgage again to a better rate.
Posted: Fri Dec 27, 2013 1:01 pm
by mazzamac
Thanks foggy