Will my Iva stop me from getting a fixed rate mortgage?

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claire544

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Post by claire544 » Tue Aug 17, 2021 3:27 am
Will my Iva stop me from getting another 5 year fix on my morgage or will it just roll over to a standard variable rate which I want to stay with NatWest anyway will they say no I can’t have another fixed rate because I’m now on IVA? Or NatWest will say yes as I’ll be staying with them again? I’m really confused I think theyl refuse me

kallis3

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Post by kallis3 » Tue Aug 17, 2021 7:18 am
I don't know what their criteria is but I suspect you may have to go onto a variable rate. I am sure one of our mortgage experts will pick up on this and give you a reply.
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size5

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Post by size5 » Tue Aug 17, 2021 7:00 pm
Hi,

Not a mortgage expert, but as a rule of thumb it is very unlikely that you would be able to switch to a deal elsewhere through another lender, but fixing again with your existing lender should be ok.

If push comes to shove, and it isn't, then your IVA provider should reduce any IVA payment by the same amount as your mortgage payment increases (subject to certain criteria).

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luluj

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Post by luluj » Wed Aug 18, 2021 12:28 am
I have alerted Ryan to this post so hopefully he can offer some general advice
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Ryan

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Post by Ryan » Thu Aug 19, 2021 11:08 am
Hi, apologies on the delayed reply.
I cannot comment on the criteria when going dircet to your lender, but we do this all the time for our IVA clients, and can cover certain criteria the ledners sometimes ask for, so we can help.
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?

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