» Wed Sep 01, 2010 7:51 pm
Just found this site after an upsetting meeting at the bank, what a relief, it's very helpful. I have had an IVA for almost 3 years, and currently trying to re-mortgage with same bank, for no extra money. It is called a transfer of equity as want to take sister off mortgage so boyfriend can come on. It is looking unlikely that this will go through due to IVA. I am feeling frustrated as when I took IVA out I was told re-mortgaging would not be a problem, if a joint application with someone with a good credit history. I have also been told that even when IVA paid off, I will always have to disclose it even when IVA paid and no longer on credit file, as it is a question in all mortgage applications. Does anyone know how easy it will be to get a mortgage once IVA paid?
I have also been told by 2 financial advisors that debt management would have been better for me. Is there anything I can do about this as feel I was mis-sold IVA?
Sorry for all the questions, just feeling stressed, and that my IVA was a huge mistake. At the time I was in a bad position and did not get the best advice I could have done.