If your IP company has provided you with some companies, then they should be ok.
What you will probably find is that if you can't remortgage your IVA may very well be extended for a further twelve months.
Give one or two of these companies a ring.
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 would definitely have a chat with your IP about the potential extra year payments in lieu of the equity release. Worth having a look at the lenders though.
Hi martinego3 and welcome to the forum, we'll leave your question bumped up for a professional to answer. Are you currently in an IVA or thinking of entering into one?
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I think, and I do stand to be corrected here, that it will just be on your half of the equity.
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
Not really had too much trouble with it. There was an occasion where i had to reduce the amount (agreed) for 3 months due to unforseen circumstances ( my car packed in).
All that behind me now but there will be a small amount of arrears at the end, which i will of course pay off.
My IVA practitioner is KS Tan... not too sure about them.
Silly question but, surely if my IVA people released my credit status i would perhaps get a better mortgage deal, they would be happy, i would be happy and it would provide me with a better footing for the future so as not to get sucked back into this problem ever again.
Your credit status is not down to the IVA company to sort out. It's the creditors who tell the CRA's what to put down.
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
Nithing wrong with IPs suggesting lenders - in reality it is unlikely that anyone will lend to someone in an IVA at present unless the LTV is very low.
