Hello ... We have an appointment for a variation meeting at the end of this month...Can you tell me what would happen if my proposal for a F+FS is passed and my husbands not passed if the joint £20000 loan was on each of the IVAs the debt % is as follows: I have 81.3% he has the 31.4% on his ... if ...

Hello ... thank you for all your expert advice, its seems every time I think I have every question answered another one pops up... Can you tell me what would happen then if my proposal was passed and my husbands not passed if the joint £20000 loan was on each of the IVAs he has the 31.4% on his ... ...

Thank you Andy ... lets keep hoping that everything goes ok on the day .. the IP said that they won't usually put F+FS forward for a variation meeting unless they were confident that it will be agreed but to remember that it is the creditors decision not his ... I just hope that they have faith in h...

Thank you Melanie for getting back to me so promptly.. can you also tell me what happens if the large % creditor on my IVA votes in favour this gives me 81.3% on mine and 31.4% on my husbands does this mean we need the difference on his to pass the proposal or do they get treated as seperate ? Kind ...

just to clarify we have joint IVA and have different % votes on each (not sure how this works) but only one joint loan and then individual debts totalling the whole IVA ... the % in the last post were my husbands and mine are as follows 81.3% debt is the joint one that voted with 31.4% on my husband...

Hello again ... we have submitted a F+FS letter to our IP for £14500 with our mortgage redemption figures and house valuation all which show us in negative equity and likely to still be this way in 3 years time... the IP has agreed to the offer and has called a variation meeting for the end of this ...

We are not re-mortgaging just need to work out the equity etc ...

Kind Regards
Madge70

Hiya .. no my parents are offering a F+FS so we can pay them back when the IVA ( 2 years in ) has ended ... we need to prove we are in negative equity and I didn't know which figure to use as it is close to having some equity ... I just wondered can they make you remortgage 100% though. See other po...

Hello ... Can anyone tell me what figure is used to work out an equity balance when considering a F+FS ... the case manager has asked me for a new valuation of the property and also the outstanding mortgage figure ... when the bank sent the redemption statement it has the early repayment charge on i...

Thankyou andie .. it is very nerve wrecking ... everything I do is done with my nerves hanging on a thread at the moment... I will let you know what they say asap... Kind Regards Madge70

Can anyone help me with the wording on a F+F settlement letter to our case manager. I don't want to say anything wrong. I have explained the situation on a previous forum I think you can view it from my member name. I have rang the case manager on Friday and asked if I can speak to the IP and they s...

Hello Thank you for all your brilliant advice, does anyone have any examples of F+F settlement letters or advice on how to word the letter.
Kind Regards Madge70

Hello ... Thank you for that I was getting worried I wouldn't be able to make a F+F with the clause. Do you think it may be advisable to make a slightly increased offer from the original agreed amount just in case the creditors are relying on the equity clause. Also the fees mentioned in andydavie's...

Hello, Thank you for getting back to me, yes I think we must have a fourth year equity clause I have just read the the proposals and it says ... The debtors property is to be professionally valued shortly after the fourth year anniversary of the arrangement, the debtor's equitable interest is to be ...

Hello, we have been in an IVA since Sept 2005 and have never defaulted on any payment. In the first 14 months we paid £410 and since then and up to now we pay £470 a month. Actual claims submitted totalled £69471.33 we were told that we would be paying 25p in the £ . Last Sept 06 we received a state...