If you have had an IVA (Individual Voluntary Arrangement) in the past or even if you are working through an IVA currently, getting an IVA mortgage deal can be difficult. While you are often able to keep your home with an IVA, it is often the case that creditors will impose conditions on how some of the equity in your property is to be paid back. If you are still going through an IVA, getting the best remortgage or mortgage deal is in your interest to ensure you are not paying unnecessary interest rates.
An IVA mortgage and the rate you can expect to get will depend on how long ago you completed your IVA and the level of deposit that you have available.
We work with a network of UK national mortgage brokers who specialize in giving mortgage advice if you have less than a perfect credit record. Based on your circumstances they can provide quotes and advice on the options open to you whether you are looking to remortgage to get a better deal or a new mortgage.