We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Mortage
Comments
-
As the title is mortgage I presume you mean selling your current home and buying a new one?
How long after the IVA completion certificate has been received are you talking about?0 -
more info needed to give any sort of advice...0
-
Hi sorry should of give more info.
We would like to move home. We have looked at the new houses and were thinking of part ex. We do have our completion certificate. We stopped paying IVA last year but we have received completion certificate dates 1st July 2018. Apparently this should of been sent out May 2018. We had to keep chasing them up. I wanted to know if anyone had any problems getting a new mortgage.0 -
Your first step is to check your credit files.
Are all the debts included in the IVA now removed (assuming it is over 6 years since the start date)?0 -
There are some lenders who will from the date you started the IVA and others will work from when you completed the IVA.
In your case it is going to make a massive difference to get a lender who works from when it started. It could well be an inflated interest rate but as has been suggested, it is worth getting your credit reports to see what they look like and giving them to a Mortgage broker.
But there is not enough information to say whether or not normal rates will be available and how much deposit will be required.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 -
Depends on your LTV % but if your thinking about part exchanging your likely giving away some of the equity in your property.0
-
we had no problem, but through a broker.
we got 2.45 at that time and now have transferred with the same lender to 1.78 as a retention offer for existing custiomers.
we were one year post IVA completion at the time at the end of 20160
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 348.6K Banking & Borrowing
- 252.2K Reduce Debt & Boost Income
- 452.5K Spending & Discounts
- 241.3K Work, Benefits & Business
- 617.8K Mortgages, Homes & Bills
- 175.8K Life & Family
- 254.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards