Full & Final

[marce3000]

Hello, just a quick question. Our payments are £369 per month. Our IVA is due to finish Feb 2015. If we were lucky enough to be able to make a full and final offer would it be a case of £369 x 12 payments. Thanks

[Foggy]

Around that, yes. Don't forget there might be equity to consider and it could take three months to get the F&F through, so you'd be making a couple of payments as normal, to be deducted from the offer.

[marce3000]

Hi Foggy, thanks for your reply. When you say equity what does that mean? We are in year 6 due to not being able to remortgage. Thanks

[Adam Davies]

Hi

Well £369 x 12 should be acceptable to conclude your IVA

Good Luck

Regards

[marce3000]

Thanks Andy!

[Foggy]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by marce3000

Hi Foggy, thanks for your reply. When you say equity what does that mean? We are in year 6 due to not being able to remortgage. Thanks

Then the equity has already been addressed and can be left out of the equation.

[luluj]

Your calculation of 12 x 369 should be sufficient to conclude your IVA - you may need to confirm where the full and final offer money will come from and what particular reason you want to conclude it early. As your equity has already been dealt with hopefully this would be seen favourable and your creditors approve it.