If you have had an IVA (Individual Voluntary Arrangement) in the past, 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 specialist lenders who will consider you for a mortgage if your IVA was discharged over 12 months ago, the cuse was due to a one off event e.g. serious illness, divorce, redundancy and you have at least 25% equity in your home.
Require mortgage advice? You can call our mortgage team on: 0117 332 6063
Monday to Friday 8.30am to 7pm