Hi, I'm in the final year of a 5 year IVA and have been approached regarding the equity release clause of my agreement. The agreement was to seek a morgage in year 5 where equity exists in the porperty. The IVA is in my name alone but I jointly own the property. Is my partner obliged to comply with ...

Is this a normal situation for remortgage clause? I've been put In touch with the select partnership through dfd who are suggesting a secured loan as its cheaper than a remortgage. I'm in a single iva with joint home ownership and they are stating my husband needs to co sign the loan and I need to p...

I'll update you when I get the paperwork from DFD. I know NR voted in favour and IR didn't vote, but they will both e=get a split of the money I pay DFD. I dont understand this as IR have withheld my TAX Credits to repay the debt and we will continue to pay NR through a partner allowance to my husba...

ACCEPTED

Oh I am so delighted - 5 year slog ahead but what a relief.

Thank you everyone for your kind words and support.

Just rang and the lady I need is on the phone - does she not know I would be trying to ring in at 4:10

Waiting for call back at work now - fingers crossed!!!

aggghhh - Less than 1 hour until my fate is decided and i will know the outcome in 1 hr 17 minutes!!!

Oh Michael I'm soo confused does that mean come of the IVA money would go to NR - its just my proposal includes a partners allowance to cover the repayment of the loan!

I actually didn't think NR would have to vote as we aren't proposing a reduced payment to them as its a joint debt, likewise for a TAX Credit overpayment from the IR???

My husband has just rang me to advise we have a letter from Northern Rock to state we have been charged £63 on top of our joint loan for the privilage of their vote. We are proposing that we continue to pay them in full as my husband is not applying for an IVA and is down as a contingent creditor, d...

thanks sprowstonboy, gutted to hear your news and hope next week brings something more positive.

Thank Declan,

DFD already have a SO set-up on my bank account - if I'm not succesful today will that be cancelled as its due out on 25th September.

A bit presumptious for it to have been setup before its gone through...

Thanks Declan - its DFD dealing with my case so push some extra luck for me at your end

Oh let me know how you get on - its so nerve racking - I'm already thinking of what to drown my sorrows with later - hopefully you will get good news and cheer me up

Thank you - hopefully your positive words will do wonders - I don't usually have any luck with anything so I'm not feeling very positive - and at least that way I won't be dissapointed.

My meeting is at 3:40 this afternoon and I'm work - I'm so stressed Ive forgotten to drink me cup of tea and its gone cold!!