Fixed rate mortgage coming to an end

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paul104

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Post by paul104 » Thu Mar 11, 2021 6:11 pm
Fixed rate mortgage coming to an end and will be shortly going into my final year of my IVA, however, I need to know what to do about going to another fixed rate mortgage product with the same lender.

norman

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Post by norman » Thu Mar 11, 2021 7:01 pm
I did that a couple of times during my IVA it was no problem with Natwest bank .

luluj

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Post by luluj » Fri Mar 12, 2021 5:49 am
Have a conversation with our forum broker experts Ryan and or Shaun, they maybe able to guide you
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Shaun Vickery

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Post by Shaun Vickery » Fri Mar 12, 2021 10:38 am
Hi Paul. Realistically your only chance of securing a new fixed rate is by doing a rate switch with your existing lender. With some lenders it's quite straight forward but we have also experienced some lenders asking questions about the IVA and then refusing it. As your current lender can obviously only offer you a deal from their own range of products you'll have to consider whether you want to tie yourself into them long term or whether to do something shorter so that you can look further afield once the IVA drops off of your credit file.
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Ryan

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Post by Ryan » Fri Mar 12, 2021 2:26 pm
Hi Paul,
Who is the current lender?
Ryan Radford
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Zebra Money Centre

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