I settled my IVA a few years ago but it remains visible on my file until next year. I contacted L&C about the chance of re-mortgaging. They said I could but they wouldn't be able to beat the rate I'm paying now (4.79% svr) so they suggested contacting them once the IVA is gone from my credit file.
Me and my family have outgrown our 2 bed and now need a 3 bed. How does porting work? If I sell my house for 170k and buy a doer upper for 140k could I use the equity to develop the new property or will they insist I pay it off the remaining mortgage (115k)? Or does it depend on LTV of the new property?