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Remortgage Frequently Asked Questions
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IVA
An IVA Customer is one whom has previously been subject to an Individual Voluntary Agreement this is an agreement where a customer has been in financial difficulties, but who wish to resolve and compromise there debts and avoid bankruptcy. It is a legal agreement between you and your creditors. Over the last 5 years large number of people have entered into IVAs rather than petitioning for bankruptcy. Most of our customers are currently in a IVA that is running satisfactorily and are looking to,
1.They want to remortgage to raise cash so that they can make the final payment to the IVA creditors ,
2.They completed their IVA less than one year ago and require borrowings to purchase a property or raise cash by remortgage their property,
3.They have completed their IVA between one and three years ago and are looking to purchase a property. Finally we have customers who have finished there IVA more than Three years ago and are seeking to remortgage or buy a property.
In the past no mortgage lenders would lend to an individual who has had an IVA against them, however in recent years a new breed of mortgage lenders known as Sub Prime Lenders have entered the market. These Lenders will require that you have not defaulted on the terms of the IVA, and also a letter from the IVA Enforcer that you have no arrears on the IVA, the monthly amount you pay and also how much is outstanding on the debt, as well as the length of time remaining. If you have suffered from an IVA and not defaulted on payments of the IVA call us, and we will be happy to arrange a lender to suit your needs.
Remortgage Frequently Asked Questions
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No information on this website is intended to constitute advice. This site contains a summary of the information relating to the products. If you are interested in any of the information on the site, you should seek information from us. We cannot guarantee that information will be accurate, complete and current at all times. All information on our Website is subject to change without notice.





