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IVA and remortgaging

We have come out of our fixed rate deal, and with so many good deals out there was wondering if anyone had managed to secure a good remortgage rate on an IVA. Any tips appreciated.

Comments

  • sajirv
    sajirv Posts: 5 Forumite
    Sorry I can't be of any help with this, but just thought I'd post as we will be in the same predicament next year...typical!!
    Hope you get sorted soon.
  • judojub
    judojub Posts: 276 Forumite
    Hi
    Unfortunately you will not have much luck remortgaging whilst in an IVA :(
  • Penelope_Penguin
    Penelope_Penguin Posts: 17,216 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker I've been Money Tipped!
    Speak to your IP - they may have contacts who specialise in your situation :)
    :rudolf: Sheep, pigs, hens and bees on our Teesdale smallholding :rudolf:
  • Foxy-Stoat_3
    Foxy-Stoat_3 Posts: 2,980 Forumite
    Good mortgage interest rate and IVA dont appear on the same sentence normally.

    If you can arrange a remortgage while being on an IVA it almost certainly wont be on a good rate unless you have a lot of equity, and if you do then at the end of the IVA you will have to remortgage again anyway to release the equity.
    "Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!
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