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Remortgage after satisfied Trust Deed/IVA
deltatwo
Posts: 36 Forumite
Hi,
Have just completed satisfactorily a Trust Deed (Scottish IVA equivalent). My mortgage is currently with kensington with a rate of nearly 10%! I pay £1699 per month on a interest only of 203K. I would like to see if I can get a better rate elsewhere, but due to satisying TD, would need to get 90% mortgage, my credit file will show TD completed, but is there any point in me looking for alternative mortgage elsewhere in this climate?
Have just completed satisfactorily a Trust Deed (Scottish IVA equivalent). My mortgage is currently with kensington with a rate of nearly 10%! I pay £1699 per month on a interest only of 203K. I would like to see if I can get a better rate elsewhere, but due to satisying TD, would need to get 90% mortgage, my credit file will show TD completed, but is there any point in me looking for alternative mortgage elsewhere in this climate?
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Comments
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At the moment and for the forseeable future you will find to hard to remortgage. 90% mortgages are not available for people who have just satisfied an IVA/trust deedI am a Whole of Market Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.
This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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