Sorry theoldrogue, I thought I had posted a reply to your question: I told them that we mortgage on on our house. they just said it did not matter.

Thanks again oldrougue I guess I should start by asking to see a copy of their policy towards people with interest only mortgages as required by the FCA document you referred me to. If they have one ?

Thank you theoldrouge it makes interesting reading. Also it states that one of the options for helping people in my situation is extending the mortgage term, which would allow us to get straight.

Here is the background: I have an interest only mortgage of £208K with Chase now JPMorgan. The mortgage term ends in Nov 2016. I have never missed a mortgage payment in 15 years or been late. Our house is worth £280K according to recent sales in our road. Two years ago I had to take out an IVA for the £30K, so have 3 years to go. The problem: I have approached Chase and asked if I can extend the term of the mortgage by 5 years. They said I had to be treated like a new application and because of the IVA they could not help me. In fact no mortgage company will help me because of the IVA ,unless I put down a deposit of 50%, which I have not got. Is there anything I can do to persuade Chase to extend the mortgage for another 5 years? In that time I can get myself straight and pay off the IVA. If I had been in arrears, it seems that the banks are willing to help. I must have proved that I’m a good bet for a mortgage as never even been late for a payment. Does anybody have any suggestions please?