www.iva.co.uk

Ive been looking at my proposal (once again) and I see that my dividend in IVA p in £ is 45p. Is this good? Also in month 54 when I will have to release equity it is down that it will be only for £4,130, which sounds ok, but doubt very much that I would be able to re-morgage. So I would be hoping to offer them more with a F&F (gift from my mother). Does this all sound ok?
This is all assuming and hoping that my IVA gets accepted next week.

Thats a good dividend so dont worry.

If you are unable to remortgage then you could offer a F&F with funds from your mother.

Thanks Lisa, I thought it sounded okay, but just wanted confirmation from someone else x

excellent divi,if your mam funds the equity amount that should be fine.a full and final offer has to conclude the overall arrangement.you dont need to offer more,a offer smaller than the original dividend plus the equity release if reasonable are generally accepted.

mumofthree - your dividend is significantly higher than the one I'm putting forward. I'm sure you'll be fine. Good luck.

thats good to hear mrbluesky and confuzzled. I just hope it gets accepted next week. but will post on here whatever the outcome.
Confuzzled .. how far are you with your process?

My creditors' meeting is on the 3rd March, so shortly after yours. I'll have all my fingers and toes crossed by then.

good luck mumofthree,my divi was 31p and i got a f&f offer accepted that gave my creditors a final divi of 30p.and all 7 of them agreed.

Yes, mine is 26th February! Talk about being on edge at the moment. Im a quivering wreck, lol

mrbluesky.. how far were you into the IVA before you put in a f&f?

The equity will be calculated during the final year, and could rise or fall depending upon the value of your property. However if your Mum is going to help you out with this all should be well.

okay thanks Melanie

my iva was concluded at month 40. out of 60.it was,nt a matter of when i put it in, it was when the funds were available.it was,nt planned it just happened when my circumstances changed.i,m sure you will be fine try not to worry.

That's a good dividend, you'll be ok.