UPDATE: remortgage applications unsuccessful.

Just advising the IVA and awaiting their instruction.

Can’t wait to be out of this, I have been so stressed.

thanks foggy, i think i need you on speed dial :-/ :-/ i was confused because the IVA advise me to attempt to remortgage my property up to the maximum i am able to obtain not exceeding £34,590.91 :-/ I understand now that i have to apply for enough to cover current mortgage, any secured loans and fo...

Hi - looking for some specific help on how to apply for a remortgage to abide by the equity release clause in my IVA. I have no idea what I am doing. I am in the middle of applying for a decision in principle online. I don't understand what I am supposed to apply for?? The IVA have advised the follo...

Thanks, I am just concerned that won't be the case :-/

I've just been in touch with my current mortgage provider and they do not offer further lending. any recommendations on other companies, or anyone online is sufficient is it? or do I go via high street lenders?

Thanks for your help. I've taken this extract from my proposal. 4.6 states; if I am unable to obtain a re-mortgage for any reason, this will not be viewed as a failure to comply with the terms of the IVA and my Supervisors will have the discretion to consider accepting one of the following alternati...

what amount of remortgage should i attempt to apply for?

thank you for your reply, much appreciated shall let u know how i get on. will contact my current mortgage company today

thank you for your reply. i entered into my IVA in 2013 and am sure it’s the clause whereby i need to release the 85% Ltd by way of remortgage or if not able to an extension for 12 months. i will dig out the information later today to be sure. i have provided and up to date mortgage and ccj statmenr...

<t>I am in my final year of an IVA, and have received a letter saying as per the terms of the iva i am required to release equity from my property. they quote the following extract from my proposal:-<br/> <br/> “six months prior to the expiry of my iva (hereinafter referred to as the review date) i ...

thanks all. I've just submitted my annual review pending confirmation of tax credits income. so will advise my IP.

just wondered what will happen in terms of the one off payment due to me.

thanks

I've received confirmation of additional income for this financial year, and will be in receipt of an extra £158 per month from tax credits due to reduction in income as currently on maternity leave. As well as this I've also received my final award notice for the last financial year, which shows I ...

yes gave updated ones to IP. figures now have to be resent as part of an annual review with evidence of bank statements etc. so will be looking where I can make any savings. figures were different to above. That would be great if u could chat to my husband. Are u contactable on the telephone number ...

thanks Lisa. I did provide my IP with the update expenditure which reflected costs of the new baby but showed a minus value and no contribution being able to be paid towards the IVA. My husband hasn't taken any advice as yet. Can you recommend anyone? I'm not sure he would be able to consolidate st ...

sorry Lisa I didn't deduct my husbands debts as u suggested, see new calculations below:- household exp 1,740 50% hh exp 870 my income p.m. 1094 husbands income p.m. 1133 my income minus 50% hh exp 224.00 50% joint income minus 50% hh exp 243.50 I'm also basing these figures on a household expenditu...

Thanks Lisa. Is this what you mean, see below:-

household exp 2,370
50% hh exp 1,185

my income p.m. 1094
husbands income p.m. 1133

my income minus 50% hh exp -91.00
50% joint income minus 50% hh exp -71.50