Can't believe that I am now into my 5th year of my IVA, I won't say it’s been easy, and my house is in desperate need of a face-lift, but I can almost see the light. I have to admit this year I have found financially harder than any other year while in the IVA, I think that may because I have teenage daughter who seems to be a current drain on the finances, if it’s not school trips, its new shoes etc. I am looking forward to her looking for a part time job next year when she is 16 so she can start earning her own pocket money.
Anyway on to my question, I have always thought I would be in this IVA for 6 years, no one will give me an equity re-mortgage, but now with only 11 months to go until I reach my 5 years, I am starting to think I would love this to end next year. So how easy did anyone find getting a re-mortgage? The equity in my house minus 85%LTV will be no more than £10k, I have paid £716 a month now for 4 year and 1 month, so on paper I can afford it. I don’t think my current lender ‘Halifax’ would offer me a re-mortgage as the biggest part of my debt was with them and sometimes when its hard I have been a couple weeks late paying my mortgage, I never get into arrears as such though I always pay before the next payment is due. Can anyone give me some success stories on re-mortgaging and who they used?
Slekclarke wrote:Aperture put me in touch with a company they deal with who offer you a loan, when I spoke to them I was going to be paying the same for the same amount of time (6 years) that the IVA was going to run for. I didn’t see the benefit of proceeding and decided to stay as I was. Like I say I had in my head at the beginning I was in this for 6 years, but I would love to finish this in the next 11 months. So who is Shaun Vickery? How can I contact him?
Shaun is a whole of market broker with experience in adverse credit. His details can be found via the link here: memberlist.php?mode=viewprofile&u=22837
Shaun Vickery wrote:If it's something you'd like to consider there's never any harm in weighing up your options. Don't forget that once your IVA has been settled there may well be an option to review your arrangements once the IVA disappears from your credit file...this would be what we normally look to do for our clients.
I have emailed you via your contact form on your website for more advise on this.
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