Right'o.
Got the mail copy of our proposal today.
With our inability to remortgage, a shed load of equity and my much beloved mrs torch losing her job, we are looking at an extra 12 months.
I have emailed for clarification as there is a paragraph that bothers me somewhat.
In "supervisor comments"
"it is proposed that the debtors will still be obliged to take steps to realise any equitable interest as per the
aforementioned modification"
Does this mean i have to attempt to remortgage again?
Any of our illuminati available for some cyber hand holding?
Aucto Splendore Resurgo.
IVA accepted May 2007.
Extended by 12 months in lieu of equity March 2012.
F+F offer accepted May 2012.
C of C received August 2012.
IVA dropped off credit file 24th May 2013.
Sorry OT, I can't help either. I can do the virtual handholding for you both!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Sorry to bump this again. Haven't heard from our ip so wondered if any of the pro's were around.
Aucto Splendore Resurgo.
IVA accepted May 2007.
Extended by 12 months in lieu of equity March 2012.
F+F offer accepted May 2012.
C of C received August 2012.
IVA dropped off credit file 24th May 2013.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Still not had a reply from my ip, i'm going to bump this one more time.
Aucto Splendore Resurgo.
IVA accepted May 2007.
Extended by 12 months in lieu of equity March 2012.
F+F offer accepted May 2012.
C of C received August 2012.
IVA dropped off credit file 24th May 2013.
Sorry - I have been off the radar for a day or so OT.
The wording of that modification does suggest you will need to address the equity in your property a year later on. Seem pointless in my opinion as nothing is likely to change in the mortgage marketplace over the next year, and I feel that an additional 12 months is time to draw a line under matters for you now. Personally, I would probably not have included that clause.
Mel is around at the moment - hopefully she will pick up on this.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I thought the whole point of extending by 12 months in the first place was in lieu of the equity?.
So now i'm lumped with another 12 payments and then go through the whole damn stupid process again round and round till i disappear up my own fundament.
What a complete let down.
Aucto Splendore Resurgo.
IVA accepted May 2007.
Extended by 12 months in lieu of equity March 2012.
F+F offer accepted May 2012.
C of C received August 2012.
IVA dropped off credit file 24th May 2013.
Its just the thought of it hanging over me again. I thought once the remortgage attempt was out of the way i was resigned to an extra 12 months, but now its just going to drag on.
Aucto Splendore Resurgo.
IVA accepted May 2007.
Extended by 12 months in lieu of equity March 2012.
F+F offer accepted May 2012.
C of C received August 2012.
IVA dropped off credit file 24th May 2013.
