Mortgage advice

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
User avatar
benjiboo1
Posts: 85
by benjiboo1 » Fri Jan 25, 2019 10:05 pm
Hi. Haven't been on for a while but could do with some advice..completed our iva in March 2017. No problems was quite a smooth journey. We have been on an interest only mortgage for the past 11 years which is due to finish in January 2020. So we have approached the mortgage company asking to extend the loan for another 5 years, as we can't afford to pay it. The paperwork has arrived today & it's asking if we have ever been made bankrupt or been in an iva while we have had the mortgage with the. Well obviously we have. So will this go against our application to extend.
User avatar
luluj
Forum Expert
Posts: 10364
Contact
by luluj » Fri Jan 25, 2019 11:55 pm
You will need to be honest and hope they will still support you.

You might want to gain advice from either Ryan or Shaun the forum mortgage experts
User avatar
Foggy
Forum Expert
Posts: 27974
Contact
by Foggy » Sat Jan 26, 2019 9:40 am
You do need to be honest as a lie will be caught --- they were informed of your IVA at the time, so will know anyway ! As Luluj says, a word with Ryan and / or Shaun might prove useful.
User avatar
Ryan
Industry Expert
Posts: 988
Contact
by Ryan » Mon Jan 28, 2019 8:50 am
Most Lenders will ask 'the question' in one form or another. There are High Street Lenders that we have access to who will look to lend normally though 6 years after the IVA began.


Regards
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 12 guests