Posted: Mon Feb 25, 2008 3:06 am
The "credit repair" mortgage product referred to by Andy is advanced by a particular lender which is known to be amendable to those in IVA's. They are particularly amenable to those in satisfactorily conducted IVA's (i.e your IP will confirm that you have met the terms of the IVA to date) that have been running for twelve months or more.
They offer reasonable rates to borrowers who have managed their IVA properly, and will offer their prime rate in the future to a new borrower who meets their new mortgage commitment properly for the next 24 months.
This is but one mortgage offer that is available in the current mortgage market. It's true to say that the current mortgage market is difficult for borrowers but there are still good deals out there in many many circumstances.
Mortgage-brokers can still often match solid-borrowers with fair-lenders despite previous credit issues, and despite the so-called credit-crunch.
They offer reasonable rates to borrowers who have managed their IVA properly, and will offer their prime rate in the future to a new borrower who meets their new mortgage commitment properly for the next 24 months.
This is but one mortgage offer that is available in the current mortgage market. It's true to say that the current mortgage market is difficult for borrowers but there are still good deals out there in many many circumstances.
Mortgage-brokers can still often match solid-borrowers with fair-lenders despite previous credit issues, and despite the so-called credit-crunch.