Hi
I am just starting year 4, I have the equity clause in my IVA, I have today received my mortgage statement, I also have a balance from my secure loan, and I have also printed off details of next door which is for sale and is exactly the same as ours. Do i just send these all to mp IP now, and what happens from here
I think you will have to try and get a remortgage if that is what it says in your proposal/report.
Do you have equity in your house?
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
You should be ok then - just send that off to your IP and wait for them to get in touch about it.
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
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 think you are right about the remortgage Lesley but I believe you have to get an approx valuation of your property sometime during the 4th year of you IVA. In fact if I remember my T&C's we were told to get two valuations! but my case worker said I only need one. I guess because most of us are in negative equity!
We will have one valuation and have to try two companies for remortgage quotes.
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
