Thanks Andy - that is exactly how we had calculated our offer.
We will speak to them tomorrow and let you know how we get on.
Thanks everyone for your help.

I'm just dreaming about the bathroom I could have had with £27K [:)] Yes, sadly it was only £2,700! It is hard to know what to do for the best when you have a big crumbling hole in your bathroom wall so as we hadn't heard from the IP we had the work done.

Thank you for your replies. We sent them all details of the partial redundancy and also copy invoices of all the work we have had done, along with other receipts for car maintenance etc. To be honest, we usually end up chasing them for a reply to our letters. Like I say, they have never actually con...

Apologies if this is a little long-winded but we really need some advice desperately. Our IVA will have been running 5 years in July - we had the remortgage clause in our IVA in year 4 but as usual could not get the remortgage so we are assuming that the IVA will run for 6 years (although our IP has...

Hi Jan, yes we've been through it with a fine toothcomb! All it says is that we need to remortgage in year 4 - no direction whatsoever. I don't feel brave enough to name them yet but these are the people who agreed that we could reduce our payments when we'd had a baby and I was on maternity leave, ...

Thanks for all your replies and advice. I think we will go back to our own lender and ask them to confirm their rejection in writing - they wouldn't do this the first time - and then go to one other lender.
I'll let you all know how we get on.
LittleBear

Btw, LittleBear is me (Tracy.tb) - I seem to have used a different log on name this time - oops!

I'm too scared to name them - what if they see it and make life even more difficult for us?! Is that ridiculous? They haven't actually told us what we need to send them by way of evidence, that's the problem really. They just sent us a letter out of the blue a couple of weeks ago saying "you're supp...

We are in the fourth year of our IVA and have to try and release equity through a remortgage. Our property does not have enough equity in it to borrow any money, we do not have the salaries and our IP has already admitted that it is unlikely that anyone will accept the remortgage due to our credit h...

We are in year 4 of our IVA and our IP has asked us to try and progress with the remortgage in our proposal. We have had our property valued today by an estate agent (£190,000) and have an outstanding mortgage of £152,000. Our current lenders will only lend 75% of the value so they have said this ...