thanks for your replys everybody.

We will speak to the IP & see what is being offered.

I have had a constant headache for the last week as Northern Rock is one of our creditors.

I will post any updates as & when, regards.

Hi, the difference between what we owe on the mtg and what it is worth is £34000. 85% of that amount is £28900. What is the interest rate you are paying and how did you get the remortgage? Does the IP help in finding one for you? Did your IP fees go down? Is a remortgage a secured loan? thanks

Hello everybody. We have approx 34k equity in our house and owe approx 64k. Our creditors include MBNA & Northern Rock. We have a meeting with an IP next week and we are hoping to offer 40p in the £. We should rcv the proposal from them after the meeting to aggree with, but I think the IP is wanting...