Ive been looking at my proposal (once again) and I see that my dividend in IVA p in £ is 45p. Is this good? Also in month 54 when I will have to release equity it is down that it will be only for £4,130, which sounds ok, but doubt very much that I would be able to re-morgage. So I would be hoping to offer them more with a F&F (gift from my mother). Does this all sound ok?
This is all assuming and hoping that my IVA gets accepted next week.
Last edited by mumofthree on Sat Feb 20, 2010 11:10 am, edited 1 time in total.
excellent divi,if your mam funds the equity amount that should be fine.a full and final offer has to conclude the overall arrangement.you dont need to offer more,a offer smaller than the original dividend plus the equity release if reasonable are generally accepted.
Last edited by MRBLUESKY on Sat Feb 20, 2010 12:02 pm, edited 1 time in total.
thats good to hear mrbluesky and confuzzled. I just hope it gets accepted next week. but will post on here whatever the outcome.
Confuzzled .. how far are you with your process?
The equity will be calculated during the final year, and could rise or fall depending upon the value of your property. However if your Mum is going to help you out with this all should be well.
my iva was concluded at month 40. out of 60.it was,nt a matter of when i put it in, it was when the funds were available.it was,nt planned it just happened when my circumstances changed.i,m sure you will be fine try not to worry.
Last edited by MRBLUESKY on Sat Feb 20, 2010 1:40 pm, edited 1 time in total.
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
