Hi I am at my wits end as I received my certificate of completion in Feb of this year. I had to agree to modifications proposed to my creditors on Jan 24th because I had outstanding PPI claims still waiting to be finalised. In my variation report no 3 on the list it says:- The debtor agrees to sign ...

My IP was trying to tell me that when i agreed my iva in 2006 that 100% mortgages were available so i still have to remorgage for 100% or extend by 12 months. My clause is identical to OT in that the only 100% mentioned is the fact that i have to pay back 100% of any equity available or if unable to...

Wow just found this and it answers some off my concerns regarding equity release...melanie giles has quoted more than once that the maximum LTV is 85% which leaves me with no equity....happy dayz. I have the exact same clause in my agreement.

Hi again, just got house valued at 84 -85k and still owe 79k on mortgage so do the IPs have to allow 5k before they work out our equity as ive seen many posts quoting a deminimus of 5k taken off, if so is it a case of they all have to follow these rules!!!and if they work off 85% LTV then theres no ...

yes thanks melanie for responding i have just spoke to my DFD and explained that there is probably no equity in my property and their representative has told me that they may still want to extend my agreement has i am unable to remorgage!!!i feel like banging my head against a wall as has you can se...

Hi my IP are also trying to extend my arrangement but are saying i have to repay any equity using 100% LTV which i think is totaly unfair, i read above that Michael Peoples keeps quoting 75% of any equity available. So are dfd trying it on or can they pull a figure out off the air because ive been t...

yeah i just think they must try it on to get more money out of us....23 days and your outa there...well done[:)] font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Claire03 Hi Just wanted to say I have exactly the same clause in my IVA proposal and I wa...

Will do Thks. font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by lem But this is why you need to speak to your IP, your IP has to supervise your IVA which you agreed to when you signed your proposal, yes the economic climate is different now which is wh...

Will do Thks. font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by kallis3 We have an expert from DFD who posts on here - Declan. You can find his details under the 'Ask a Question' link on the left hand side of the page. Email him and he will come back t...

surely IPs should work to the economic climate to work out what would be a fair LTV at any given time..My property was valued at 95,000 in 2006 before they crashed so with 79,000 owing on motgage and a similar property in the next street only selling for 77,950 then how can they justify an extension?

Hi thks for reply, i have contacted my IP (DFD) this am and explained that there is definatly no equity in my property the equity they came up with would be off a 100% mortgage but in all other posts that i have read on here they qoute 85% as the fair LTV if that is what all IP are allowed to go to ...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by kallis3 Hi and welcome to the forum If the modification is there in your Proposal/Chairmans Report then you will have to adhere to it. Have you had a valuation done? If not then you need to do it. It m...

Hi I thought my IVA was over when i paid my last instalment in september of last year, then 5 days before xmas "great timing" i recieved a letter from my supervisor stating that due to me not being able to remortgage i am required to extend my arrangement by a further twelve months!! The modifacatio...