Have just spoken to our case officer at Payplan, she said she has worked for Payplan for years and has put forward many proposals and has never had any more problems with Northern Rock than any other creditor. She said, if NR specify that they want us on a repayment mortgage they will say so at the meeting and if we are happy with that it shouldnt delay matters. She seemed very confident that our proposal is pretty good.. fingers crossed, just a case of waiting for the meeting once they get our paperwork back! Ooh I'm anxious already, must remain calm and not too Moody however, Im going into hospital tomorrow
That sounds positive Mrs M. We are with Payplan and have had excellent service so far.
Hope you are not in hospital for long and that you recover quickly.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hope the trip to the hospital isn't too serious Mrs M.
If you read some of the other posts regarding NR voting, you may find that they will be asking to switch to IO mortgage - this may also make things easier so that there may not be any equity built up to be released at the end of the arrangement.
Hope everything goes well.
Kind regards,
Angela Rosler
Insolvency Manager
Helping people with their debt problems for nearly 10 years.
Contact me directly for free, impartial, confidential help and guidance.
Thank you all, I'm not worried about the hospital to be honest, nothing serious.. I'm looking forward to a bit of time off work actually.. been feeling really stressed of late what with alll the financial worries and I havent really had any holidays this year so the break is well overdue. Thank you for your help.xx
Good luck Mrs M, both with the hospital and your proposal.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I predict that it is almost certain you will be asked to switch to an interest only mortgage - but if your IP thinks it is sensible to put forward the offer whilst you are still paying on a repayment basis then you should see what happens at the creditors meeting.
