My Iva 6 years ends in April 2018 we have £42K deposit and are looking at buying through a specialist broker for around £215K @ 5% rate due to the IVA.
We are currently renting at £900 p/m so the logic is mortgage @ £1000 p/m although not ideal is still better than another wasted 8 months rent.
My question is if I take this type of mortgage out and want to re-mortgage to a better rate in 2 years would I be penalised as would it show that my mortgage is a specialist IVA mortgage and would this then re-strict my access to better deals in the future as I don't really want to sign up to a higher rate mortgage for too long just to enable us to get back on the property ladder.
Also after checking my credit file all of the 4 major credit agencies don't show my IVA only callcredit who have wrong info showing accounts in default etc and I am in the process of getting it amended, but why doesn't Equifax show my IVA it shows I have perfect credit which is wrong?
Who is onlineUsers browsing this forum: No registered users and 19 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location