At what point can I remortgage?

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SometimesTina

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Post by SometimesTina » Mon Jul 26, 2010 11:39 am
I know no firms are not lending to IVA peeps at the moment, so when can I apply for one? (I dont want extra funds - just a better deal over a smaller time scale).
Can I apply as soon as the IVA is completed or do I have to wait for a period of time after that?

Thanks in advance
Last edited by SometimesTina on Mon Jul 26, 2010 11:40 am, edited 1 time in total.
Best Wishes,
Tina x


Even trannies get in debt
 
 

MelanieGiles

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Post by MelanieGiles » Mon Jul 26, 2010 11:41 am
There are no hard and fast rules Tina - just mortgage lenders that at present are inflexible. I think that you are stuck with your present deal, and it could take up to three years post IVA before you become entitled to high street rates again - this is not due specifically to the IVA, but to the fact that your credit rating is likely to be impaired for some time into the future.
Regards, Melanie Giles, Insolvency Practitioner
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