When can I remortgage?

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Kerrybecka

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Post by Kerrybecka » Thu Sep 06, 2018 4:49 pm
Hi I am due to make my final Iva payment this month after 5 years ! I am hoping to remortgage my house to remove my ex husband off the property can anyone advise me when the Iva will drop of my credit file ? I spoke to a mortgage broker who said I won’t be able to get a mortgage until 6 years after it’s completed is this true ? Any help would be greatly appreciated

Foggy

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Post by Foggy » Thu Sep 06, 2018 5:02 pm
You will not get a remortgage until your credit file is clear, which starts after 6 years.

Are you sure that this is the end ? Has equity release been addressed ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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kallis3

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Post by kallis3 » Thu Sep 06, 2018 5:03 pm
Correct but I do suggest speaking to either Ryan or Shaun who are our mortgage experts.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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luluj

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Post by luluj » Thu Sep 06, 2018 8:37 pm
Habe a chat with Ryan and or Shaun our mortgage experts on the forum as Kallis suggests ...they have helped alot of iva customers at different stages of their journey.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

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Ryan

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Post by Ryan » Fri Sep 07, 2018 7:29 am
Hi Kerry,

Most Brokers don't come across IVAs too often so they don't really know who will lend when to be honest. 6 years after the IVA began, as long as your Completion Certificate has been issued is the earliest that we could look to obtain a Mortgage with a High Street Lender at normal interest rates.

Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

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Lisa Thomas

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Post by Lisa Thomas » Fri Sep 07, 2018 8:19 am
You will possibly find that your IVA has to be extended for another 12 months, depending on your terms and the level of your equitable interest in the property...
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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