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remortgage after iva
mumksb94
Posts: 1 Newbie
We finished our iva in 2011, but for a variety of apparent reasons didn't get the completion certificates until 2015. (!)
Pre iva we tried to resolve the problem by taking out a second mortgage, which we still have, at an exorbitant rate.
Is there any way we would be now allowed to consolidate the two mortgages by one lender ?
The two mortgages add up to approx £120,000, our house is worth approx £210,000.
We are also wanting to shorten the term of our mortgage as we assume that paying a lower interest rate but keeping the same monthly payment would pay the new mortgage off quicker.
Any advice ?
Pre iva we tried to resolve the problem by taking out a second mortgage, which we still have, at an exorbitant rate.
Is there any way we would be now allowed to consolidate the two mortgages by one lender ?
The two mortgages add up to approx £120,000, our house is worth approx £210,000.
We are also wanting to shorten the term of our mortgage as we assume that paying a lower interest rate but keeping the same monthly payment would pay the new mortgage off quicker.
Any advice ?
0
Comments
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Does your completion certificate confirm the date of discharge as 2011?
If so there should be a few high street options open to you, if it shows as 2015 then you have less options.I am a Mortgage AdviserYou 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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