Iva accepted

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daziedazie

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Post by daziedazie » Sat Oct 20, 2012 7:29 pm
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well just a wee update our iva has been accepted and i couldnt be happier its taken such a weight off our minds and just feels amazing to know we can live without debt ruling our lives ...
this forum has been great for helping us understand what happens next in this journey ...
one question id like to ask the experts is in relation to my mortgage id said before about how my ex husband is on the mortgage wi me as my husband and i didnt have affordability due to giving my ex money to keep the house so my question is now we have done the iva our affordability has definitely changed but i was wondering would they let us take on the mortgage now with being in the iva ??
kind regards daziedazie
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MrsR

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Post by MrsR » Sat Oct 20, 2012 8:02 pm
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Hi Daziedazie,

Congratulations on starting your journey to a better financial future.

I am not an IP or an expert, but hopefully someone shall be alone soon to help with your enquiry.
Started IVA 27th Feb 2012 - Due to complete 27th Jan 2018 !!

Full & Final submitted and accepted 30th March 2015, paid 10th April 2015 - 3 yrs 1 month into IVA :)

Completion Certificate received- 30th April 2015!!
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Niobe

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Post by Niobe » Sat Oct 20, 2012 8:38 pm
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Excellent news, congratulations!

I've no idea on the mortgage question. One of the experts will be along to help with that.
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kazzafunk

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Post by kazzafunk » Sat Oct 20, 2012 8:59 pm
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Hi - not 100% sure but I think you would find it hard to amend a mortgage whilst in an IVA.

No harm in asking though - but I would be prepared for your mortgage company to say no.
Kazza

Please visit my blog:
http://kazzafunk.blogs.iva.co.uk/

IVA completed 21/03/2012
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mazbrown

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Post by mazbrown » Sat Oct 20, 2012 9:12 pm
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Congratulations ... I've just started to use the forum and I can't speak highly enough of the support it provides , we're all in this together .
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MelanieGiles

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Post by MelanieGiles » Sat Oct 20, 2012 10:23 pm
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I doubt that your ex-husband will be allowed to be released from the mortgage, but no harm in asking.
Regards, Melanie Giles, Insolvency Practitioner
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Shining

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Post by Shining » Sun Oct 21, 2012 7:28 am
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Congratulations on your IVA acceptance. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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daziedazie

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Post by daziedazie » Sun Oct 21, 2012 12:09 pm
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Thank u all for ur lovely comments :)
Melanie uv just confirmed what iv been thinking but just seems madness when he doesn't even contribute to the mortgage at all and has no interest in the property now as he's Been moved out for 4 years....
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MelanieGiles

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Post by MelanieGiles » Sun Oct 21, 2012 3:36 pm
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Yes - but the mortgage company will see him remaining on the mortgage as a further bit of security for them in the event that you could default on the mortgage at some time in the future.
Regards, Melanie Giles, Insolvency Practitioner
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luluj

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Post by luluj » Sun Oct 21, 2012 4:46 pm
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Great news on the IVA acceptance..have to agree with others female from the mortgage is unlikely.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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daziedazie

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Post by daziedazie » Sun Oct 21, 2012 7:16 pm
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Thank u all for ur lovely comments :)
Melanie uv just confirmed what iv been thinking but just seems madness when he doesn't even contribute to the mortgage at all and has no interest in the property now as he's Been moved out for 4 years....
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