What happens if I can't remortgage ?

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Neil.tr

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Joined: Sat May 31, 2014 12:22 pm

Post by Neil.tr » Sat May 31, 2014 12:22 pm
Hi,We are into the last 5 months of our Iva and its been a struggle to be honest, the 6 monthly payment reviews have been the worst part and to be honest they hadn't really been explained as far as i can recall, we managed to pay some but over the last couple of years we haven't as we are running on pretty much nothing and have no savings! have we now been asked to look at re mortgaging our home, we owed approx 30k and have paid back £16k but they have asked us to see if we can re-mort for £32k?? what happens if i can't re-mort surly the bank will say no because of the iva
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