IVA completed - remortgage needed

sprob

I completed my IVA in Nov 2004 and have the completion certificate to prove it, do I need to do anything with my credit file as all or most of the items on it show nil balances but not all, I have a 2 year fixed rate mortgage with SPML at the moment with six months to run after which there will be no redemption penalties, I would then like to remortgage at that time - interest only and preferably fixed - is this possible? I will start the process in October so that hopefully it will be complete when the SPML deal expires, BTW I have not missed any mortgage payments in the 18 months.

Any help please to get the best deal appreciated


Steve

Mr_helpful

You shouldnt have much problem and may even get prime or near prime rates

financial_solution

sprob,

what loan to value are you considering?

will you need to self-cetify income?

Obviously you must maintain payments until remortgage.

All seems good, as Mr Helpful says you should be able to get a favourable rate.

Fixed is definately available at the moment.

Good luck,

Mark.

sarkin

We deal with sub prime cases all the time I would look at some one like first national, they also do large income stretches. But as the others have said will most likely go on a near prime product.

sprob

Mark


LTV 80%

Almost definitely self cert

I am on Libor + 2% at the mo I think!, and would ideally like interest only and fixed rate, do I need to do anything with my credit file as most of the items on it started in 2001 after divorce and now they are or will be over 6 years old, do they drop out of the file automatically after 6 years or do I need to write individually to the original creditor or direct to the credit reference agencies so that they no longer appear or is it the case that it is 6 years from the completion of the IVA, sorry to be so long winded but I was given no further info by Baker Tilly - only the Completion certificate

golfnutt

Contact a good whole of market broker, i can reccomend London & Country.
See what they can do for you before you go straight down the sub prime route.