Marvelous news! full and final accepted

[godfrey]

Thank you. I will try but think that as soon as they know for sure that there is more money potentially available they will do all they can to take it so am not holding my breath. Do you know whether it is possible at this late stage to refuse to drawdown the surplus from the remortgage so that there is only available the original offer - i would prefer to do this than pay into the iva anymore than i absolutely have and if this means we lose the benefit of the extra money which would have been really helpful to us then so be it.

[MelanieGiles]

You would need to ask your broker this. Was this a broker recommended by your IP company, or did you find them independently?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[godfrey]

They wrote to me (as have other brokers in the past) offering their services and at the end of my tether i decided to call them not believing that i could get out of my iva early and was delighted with them at first as they seemed very straight forward, helpful and understanding. as time has gone on I am now questioning their competency and I now feel quite let down by them as they do not appear to have advised fully or had my best interests in mind.

[MelanieGiles]

Well both your broker and your IP ought to have got their lines clear with what was happening, and would it hurt you tremendously if you had to pay all of the money over?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[godfrey]

the way i look at it is the IP never allowed me any extra to live on when i have been struggling so why should they get any more than absolutely necessary now! From my experience IP's lull you into a false sense of security assuring you that you will only pay what you can afford and that all of your worries will be over when in reality they are ruthless and will try to take every penny they possibly can! Thank you for your advice and help.

[MelanieGiles]

Well I suppose that you only have one IP to gain experience from, so please don't tar us all with the same brush. If I operated in such manner, I would not give up so much of my free time to try and help others in need of support and assistance.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[godfrey]

would not put you in the same category as the people i have dealt with, i am grateful for the help and support you have given me.

[Adam Davies]

Hi
This is a shame
Your solicitor is obliged to comply with the mortgage conditions and this will be that the IVA must be concluded.Your IP is being a pain in this instance because they could just state the amount that you had agreed verbally and everyone would be happy.What amount was put in the proposal to your creditors ?
As Melanie states you could just bite the bullet and pay the full amount over,I know that it hurts but the plus side is that your IVA is concluded and you are debt free[unsecured].Plus your creditors are still writing off part of your debt.
I ended up paying several thousand pounds more to my creditors in a full and final as my creditors capped my IP fees,the saved money didn't come back to me but went to my creditors,I was angry at the time but nearly a year down the line I'm happy with it.
My advice is to bite the bullet and move on
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[iva.com]

Dear Godfrey, It sounds like there has been rather a lot of stress surrounding your F&F. I would like to remind you of the review boards on our web site, where you can submit a response as to how you feel you have been treated at the hands of your IP provider - if you haven't already. Hope things are looking better for you by now and good luck for the future.

Many thanks
Susan Macdonald

[ladyc]

I don't know any legalities but, having had a few mortgages in my life I don't think it will be a big deal to change your remortgage to the original F & F amount. If you want to have a little spend up you can always wait a little while, see how you go with paying your new amount, then if all is ok ask for a little more to be added. I don't want you to get overstretched again but I can understand you were hoping for a little reward.