Remortgaging During an IVA, Question by Question
What is realistic while the arrangement is active, and what is not.
Can I remortgage during an IVA?
Usually not easily. While your IVA is running, it shows on your credit file, and most lenders will not approve a remortgage for someone in an active arrangement. You also cannot take new secured borrowing, including a remortgage that raises money, without your supervisor's agreement. So although it is not outright banned, it is difficult in practice, and rarely necessary.
Why is it so difficult?
Because of how an IVA affects your credit. An active IVA, and the defaults that usually come with it, make you a high-risk borrower in lenders' eyes, so mainstream remortgage deals are generally off the table. The specialist lenders who might consider you tend to charge much higher rates. This is one reason the rules no longer require homeowners to remortgage.
Do I need my supervisor's permission?
Yes, for any new borrowing. Taking on credit, including secured borrowing against your home, is restricted during an IVA, so you must talk to your supervisor before arranging anything. They will look at whether it is allowed and whether it makes sense for your situation. Going ahead without consent could breach your IVA, so the conversation comes first.
What if my fixed-rate deal is ending?
This is worth planning for. If your current mortgage deal is about to end and you would otherwise move to a higher variable rate, ask your supervisor early. A product transfer, switching to a new deal with your existing lender, does not always involve the same checks as a full remortgage, so it may be possible even in an IVA. Acting ahead of time gives you the best chance.
Am I required to remortgage at all?
No, not under the current rules. The 2025 changes removed the old requirement for homeowners to try to remortgage and release equity. Your equity is now handled by your IVA running for five or six years depending on how much you have. So remortgaging during an IVA is something you might occasionally want to do, not something you are obliged to do.
Can I remortgage to release equity by choice?
It is rarely realistic during the IVA. Even if you wanted to release equity voluntarily, the same barriers apply: impaired credit, few willing lenders, high rates, and the need for your supervisor's agreement. Any money raised would also likely be treated as an asset for your creditors. For most people, releasing equity is something to consider after the IVA, not during it.
When does remortgaging get easier?
After your IVA, and as time passes. The IVA marker stays on your credit file for six years from the start, so once it has been completed and that record has dropped off, your options widen considerably. Even before then, specialist lenders may consider you a year or two after completion, usually with a larger deposit or more equity. It improves steadily.
Should I get advice?
Yes. If you are thinking about remortgaging during or after an IVA, both your supervisor and an independent, ideally specialist, adviser can help. They can tell you what is realistic, what it would cost, and whether it is worth it. Free debt advice services can also help you weigh up your wider options. It is worth getting the full picture before committing.
