I think an IVA may be my only option.

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James.83

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Post by James.83 » Sun Aug 01, 2010 10:42 am
I think an IVA may be my only option. Will I still be able to renew my mortgage in January if I was to enter into an IVA?
 
 

dw1983

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Post by dw1983 » Sun Aug 01, 2010 11:04 am
Hi James not sure of the answer but welcome to the forum one of the professionals will hopefully answer you soon
Iva completed
 
 

kallis3

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Post by kallis3 » Sun Aug 01, 2010 11:10 am
Hi and welcome to the forum.

Are you referring to trying to get a new fixed rate? If so, that will depend upon your mortgage company. You can but try.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
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MelanieGiles

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Post by MelanieGiles » Sun Aug 01, 2010 4:29 pm
I would have a chat with your mortgage company now to see what options there are available to you when the current deal expires. This will not stop you getting an IVA, but it would change the figures, depending upon whether you are in a fixed term mortgage now and what the standard variable rate of your lender is.

It may also be sensible to also be chatting to an insolvency practitioner at the same time, who can give advice on all of the available debt options as well.
Regards, Melanie Giles, Insolvency Practitioner
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