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.
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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