First Annual Review

[BlueShoes]

I can't believe we are nearly one year in!

But we are! I don't know where the time has gone!

As our first review draws nearer (next month) I have looked through our Income and Expenditure figures and am shocked to see just how much more we are paying for things than this time last year.

Has anyone else had a recent review and had to change their expenditure figures (significantly in some cases) ? I do have proof of course from receipts/bank statements etc

We are with a highly reputable IP, so are not worried about an unreasonable response from them, but just wondered how other people have got on.

Thanks
Blue

I will feedback once our review is complete!

[rayb]

I recently completed my 2nd Review and yes time does fly. Your best best is just to submit a revised I & E with your increases and receipts and submit it to your IP. They are normally quite favourable as they know everything i.e.petrol, food etc has shot up in the last year or so.

Congratulations on almost getting to your first year!!!

[louiseh]

I recently completed my first annual review, both my income and expenditure had increased. I just submitted my true expenditure including food/petrol and electricity increases and it was fine.

[poppy]

Hi, I've just completed my first annual review. I'm still waiting to hear back from my IP but my petrol went up by £40 a month and I also added in a dental scheme and my car maintenance went up by £30 a month. I only provided some receipts for the car rise as my IP told me it was obvious to all that petrol had gone up!

[Endsmeet]

I have just completed my 1st annual review and submitted the same as most people, the petrol, food and general living costs increases which came to about +#163;40 a month
I also have just been given a payrise which is approx #163;47 and my I.P. said to continue at the same level of monthly payments as my payrise is gobbled up by the increased I&E
Fair enough...

[smile or cry]

we've just had our first review and like you costs have gone up loads. even with proof that we sent in, our IP still wanted more proof on cost of living going up, what planet are they living on as it certainly isn't earth!!!

now they've said that the creditors will want to add another year onto the payments as the payments will down if the creditors agree