www.iva.co.uk

Hi I recently completed my final payment of my Iva. 28 Jan 2016 and now 4 months on I'm thinking of trying to remortgage to get my monthly payments down in case of interest rates going up in the near future and I couldn't really afford for my mortgage payments to go up any further. Would I get accepted by my current or another lender. In the last 13 years as I have never missed a single monthly payment or am I wasting my time because I'm only a few months out of my Iva.. any advice would be greatly appreciated. Thanks !!

Hi and welcome,

You need to wait for your completion certificate and also to check that your credit records are clear.

Please speak to either Ryan or Shaun (details under the expert link on the left hand side of the page) as they have been able to help many posters get a mortgage.

You would be better to wait until your 6 years is up and credit record clear --- but I do believe that at least one poster did manage to re-negotiate a better deal with his existing lender, not long out of the IVA --- this was, I think, with Santander and was down to an understanding and helpful branch manager who overrode the "computer saying No".

Have a chat to Ryan or Shaun ...they will guide you on best timescales

http://www.iva.co.uk/forum/forum_experts.asp

All the best, appears it's not impossible.

Like others say Ryan and Shaun have been very helpful to many posters and hoping they can at least offer you some expert advice.

I swapped to a better mortgage deal with the same lender while in the IVA. I looked at my lenders website as we will probably need to remortgage in the future and one of the first questions is 'have you ever been in an iva' so I guess we won't be staying with them!