We open an account with A&L, was with lloyds who closed account as soon as IVA was going thru. A&L have been great for us gave the basic account electon / cheque book at first then upgraded after about 6 months with debit card etc. They sorted all the usual direct debits etc, nothing was any trouble...

Thanks for the advice. Sorry for the delay in posting back been on nights. I have noticed that the fourth year cluase is quite common and having spoken with one of our IP staff they informed me that 100% of the equity has to be released. Yet there is no mention of the 100% in our modification. It si...

Fall In House Prices. With the current fall in house prices, where do we stand if the market falls to a level at which our current mortgage is at, so there is no or little equity in the property. As with most IVAs we have to have the property valued in the 4th year clause that the equity has to be r...

They have said that any fees incurred by switching lender will be added to the mortgage thus using equity in the property. With reference the null and void where do we stand even though we signed the modification? And what effect will that have on us? We have been reading through all our corresponda...

Jane, The change states," The debtors property is to be professionally valued shortley after the fourth year anniversary of the arrangements, the debtors equitable intrest is to be realised and paid to the Supervisor before completion of the Arrangements. If necessary the arrangement can be extended...

Hi, We have been in our IVA for over 12mths. Our current mortgage deal is due to expire in september and putting us on a higher rate increasing our out goings by £200. Our independant mortgage adviser has found several companies willing to offer us a mortgage to reduce this increase. After contactin...