Is there a company we can approach to re-mortgage

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Post by cathrine.ll » Thu Aug 05, 2010 12:52 pm
We are now post IVA and got our completion certificate in June 2010. We have a large secured loan which is hampering our return to managing our existing cash flow. We have enough equity (just) in our property to settle the secured loan as well as covering our existing mortgage. Is there a company we can approach to re-mortgage any way or anywhere you can suggest we go to settle our secured loan and clear our mortgage before we are both 65 in 8/9 years time?

Michael Peoples

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Post by Michael Peoples » Thu Aug 05, 2010 1:07 pm
It would be extremely difficult to find a mortgage with your IVA just completed unless you have substantial equity. Once six years have passed from the date of the IVA and you have been discharged in some cases for two years, you could take the mortgage down the High Street and get a better deal.

You could ask your existing lender if they would pay off the secured loan and if not they may advise what their policies are concerning post IVA clients.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
If you would like to talk to me about proposing an IVA or have any questions at all please visit


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Post by L-E-E » Fri Aug 06, 2010 10:01 am
If you do approach any mortgage broker please be wary of any up front fees, A trend that seems to have occurred since the "Credit Crunch"

Paying a fee will in no way improve your chances of obtaining a re-mortgage.

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