Month 54!!!

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chrisA

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Post by chrisA » Sun Oct 18, 2015 7:42 pm
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Well we have finally got to month 54, our estate agent valuation is £95000 - £100000. Our mortgage balance is £94400. We have both got iva's under 2010 protocols with separate accounts and conditions and separate payments. Am I right in the figure of £5600 equity split between both of us giving £2800 each. Therefore under £5000 and no extension is going to be required?
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relieved33

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Post by relieved33 » Sun Oct 18, 2015 7:57 pm
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If you have the 85% ltv remortgage clause, you have no equity anyway. You should be fine. Well done for making it this far!
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Michael Peoples

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Post by Michael Peoples » Sun Oct 18, 2015 10:17 pm
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Your IVAs should close now so well done.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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luluj

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Post by luluj » Mon Oct 19, 2015 2:50 am
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Well done on reaching this point .. looks like no equity so it will conclude at month 60! Hope you are planning life outside of your iva and have a few treats planned for yourselves !
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