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by simon363
Wed Jul 20, 2022 5:28 pm
Forum: full and final settlements
Topic: Full & Final - Secured Loan
Replies: 4
Views: 7256

Evening All, I'm really keen to settle my IVA and make a full and final proposal to PayPlan. Having calculated what I think will be a fair settlement, I'm unable to raise the full amount by using friends and family. I have been speaking to the mortgage advisors that are recommend by others in this f...
by simon363
Fri May 20, 2022 6:02 pm
Forum: full and final settlements
Topic: PayPlan Full & Final
Replies: 1
Views: 8596

Hi,

Does anyone have experience of making an offer and the process of a full and final with PayPlan.

I'd like to know what they are likely to ask from me in terms of any documentation etc to process and hopefully complete an accepted F&F (thinking positive)

Thanks
by simon363
Fri May 20, 2022 5:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: PayPlan F&F
Replies: 1
Views: 568

Evening All, I'm just trying to work out numbers to put forward a F&F offer to PayPlan to propose to my creditors. Since I started my IVA, my payments have been lowered twice due to changes in my personal circumstances, which have always been approved in PayPlan. I've worked out that included the ad...
by simon363
Fri Mar 04, 2022 5:24 pm
Forum: bonus, overtime, pay rises and windfalls
Topic: Annual Bonus with PayPlan
Replies: 1
Views: 4453

Hi All My employer has just introduced a new bonus scheme, which is connected to the companies turnover and if the company achieves its target pays a % to each employee of their annual salary. Given the bonus is an annual amount, but will be paid in a months salary how should it be handled? Given it...
by simon363
Thu Feb 03, 2022 6:38 pm
Forum: Ask IVA Forum and Industry experts
Topic: Partner Redundancy
Replies: 2
Views: 919

Hi All, I've got an IVA with PayPlan and have been making payments as per my IVA commitments. In December my partner got made redundant, and therefore we no longer have some income coming into the house. Looking at my budget that's been agreed with PayPlan, if I remove my partners income from the bu...
by simon363
Thu Mar 05, 2020 3:26 pm
Forum: mortgages
Topic: New Fixed Rate
Replies: 1
Views: 31118

Hi All, I've just had a letter of my current lender (mortgage) advising that my fixed rate will end on the 30th June and I'll switch to their variable tariff. Having called my lender (Kensington) they advised that they are unable to offer new fixed rates product, and I'd need to seek the help of a b...
by simon363
Thu Oct 17, 2019 5:38 pm
Forum: mortgages
Topic: New Fixed Term
Replies: 2
Views: 38747

Hi Everyone, I'm currently in an IVA and the fix term on my mortgage is due shortly. What are the chances of me being able to get a new fix term mortgage with an alternative lender? I appreciate my new lender may give me a new fixed team deal close to my renewal but I just wanted to explore my optio...
by simon363
Mon Jan 07, 2019 7:57 am
Forum: Ask IVA Forum and Industry experts
Topic: Will they take car if I enter into IVA
Replies: 2
Views: 5647

I am just about to start an IVA but have a car on PCP with Mercedes Benz finance - ideally I don’t want to keep the car as it’s not financially viable.
I am no where near the 50% mark for voluntary termination
Does anyone know if because I’m on an IVA will they take the car back?
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