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Does anyone know what kind of interest rate you might expect to pay when you are in an IVA and want to borrow around 95% LTV? Just wanting to remortgage at the end of my tie in to reduce monthly mortgage payments so that more money is availble for my IVA.

I think that you will be very unlikely to get a rate of 95% when in an IVA, but perhaps one of the mortgage brokers who regularly post of the site have more knowledge of current deals.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

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Hi Dee,

You should speak to your current lender about what they can move you to.

Unless the market moves a 95% loan while in an IVA is unlikely to happen.

Andrew Graveson
Mortgage Broker & Bright Oak Debt Management
andrew@brightoak.co.uk
www.brightoak.co.uk

95% LTV whilst in a current IVA, is just not available at the moment.

You should always talk to you existing mortgage provider at the end of your fixed rate to see what products they may be able to offer you, as this may save you money on fees etc.

If your existing lender is unable to help, then I would suggest talking to anyone of the mortgage brokers that post on this site.

The rate you may be able to obtain will be wholly dependant on your personal circumstances, so you will have to talk to a mortgage broker and go through a thorough fact find.

What will your reversionary rate be? (The rate after your fixed period ends) the reason I ask, is that people who jump from one fixed rate mortgage product to another very rarely save any money, in fact, after taking fees into consideration, it very often costs more in the long run.


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the remortgAge rAte i got is 8.14% fixed for 2 yeArs. ltv is 75%. Is this A reAsonAble deAl.

PleAse Advice if Any one hAs got A better deAl elsewhere

The rate you can obtain, depend entirely on your personal situation. Without all your specific details it is impossible to say whether this is a good deal or not.