www.iva.co.uk

I started my IVA in April 2003 and settled it early in August 2006.

As of April this year my credit report will be clear of the IVA and I have already checked that there are no defaults still listed.

I am now married and living with my husband. Our home is worth approx £200,000 and has a mortgage outstanding of £102,000 in my husbands name. We would like to remortgage for an amount of £118,000 in order to carry out some renovations and update the property. We think we would need to look at a joint mortgage as we don't think my husbands salary would be considered enough to cover the full amount.

Does this sound unreasonable in the current climate and does anyone know of any good lenders to approach?

Thanks in advance.

At that loan to value you should no problem at all especially if the income stacks up. Probably best to use a broker who would have access to the whole market rather than doing it yourself but I have seen Abbey offering fixed deals at under 4% when the loan to value is low.

I would have thought you would have mortgage lenders lining up to snap your hands off for that sort of deal. Let us know how you get on.

mkw78

A good place to start could be your husbands existing provider and test the water with them to see if they have any products available for you and that suit your requirements.

If you have no joy with them, then a broker will guide you along the best route for you, the loan to value is fine and you will have to consider other factors such as affordability etc.Tony

As has already been said your own lender or a broker is a good place to start however you might want to look as HSBC. They seem to be friendly towards ex IVA customers (they look at each case on its own merits) and they have some good deals if you have a good loan to value. The only thing is they do not deal with brokers.

But surely due to the 6 years and clear credit file now, HSBC and others will not even know you are ex-IVA due to your clear credit file??

I don't think you will have a problem at all.