Remortgage

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barassic

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Post by barassic » Tue Apr 09, 2019 5:29 pm
Hi all

Just wondering if there is any point trying to remortgage before sixth year anniversary of beginning IVA. I have Completion certificate

Foggy

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Post by Foggy » Tue Apr 09, 2019 5:35 pm
It can be done, but you will be limiting the available lenders and getting higher interest rates. If you wait until everything has cleared down you will have more options and better rates.

Have a word with Ryan and / or Shaun, who are whole of market brokers who have experience of adverse credit applications:

Ryan: memberlist.php?mode=viewprofile&u=18488
Shaun: memberlist.php?mode=viewprofile&u=22837
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

barassic

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Joined: Sun Oct 29, 2017 5:54 pm

Post by barassic » Tue Apr 09, 2019 6:00 pm
Thank you Foggy. My mortgage interest is roughly 4.5% and remortgage amount is 5.24%. Was just thinking if I could get better rate until everything is off record.

Shaun Vickery

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Post by Shaun Vickery » Wed Apr 10, 2019 7:16 am
Hi Barassic. It is probably a little too early to make a formal application and you are likely to qualify for far better rates by waiting until the 6th anniversary. That said it does depend on exactly what you are hoping to do and it is an ideal time to be making preparations. We would normally be helping clients do this by checking credit files are correct, ensuring they are registered on the voter's roll, checking conduct of bank accounts and looking at potential solutions ready for the big day. There will still be a huge difference in the treatment by some lenders and rate choice.
Highly Commended at the British Mortgage Awards. For individual mortgage advice go to http://clients.theselectpartnership.co.uk/

Ryan

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Post by Ryan » Wed Apr 10, 2019 7:36 am
I have to agree with Shaun. We certainly have access to High Street Lenders who will look to lend normally at the 6th Anniversary of the start date. Prior to the 6th Anniversary we'd be looking at specialist Lenders so worth holding on if you can.

Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

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Contact me at http://www.ivamortgageexpert.co.uk or via the expert page

barassic

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Joined: Sun Oct 29, 2017 5:54 pm

Post by barassic » Wed Apr 10, 2019 7:32 pm
Thank you Shaun and Ryan. Will wait for the 6 years to be up.
Thanks again
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