- Thu Feb 28, 2013 7:25 pm
Hi there ArthurCD. Welcome to the forum.
If you complete a full and final IVA it means that the IVA is finished almost immediately and you do not have to make further payments or have any further obligations towards your debts. However the record of you carrying out and IVA will still be registered against your credit file and negatively affect your credit rating.
It is difficult to say whether HSBC will offer you a new deal when your current fixed rate comes to an end having completed a fulla and final IVA. However it is possible that they will not be able to offer you anything leaving you with the option of just defauting to their standard variable rate.
Alternatively you could get the advice from a specialist mortgage broker who might be able to help you consider a sub prime lender. However in the short term I imagine these deals would be worse than HSBCs SVR.
IVA completed - July 2011
As a forum moderator I am here to help other forum members by sharing my experience of solving a debt problem and giving suggestions and advice where I can.