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Posted: Wed Mar 26, 2014 7:12 pm
by nffcwatto
Can anyone help, i currently have an IVA and a secured loan, i live in a one bedroom house but wish to move somewhere larger, it is mortgaged by me. i would ike to move in and into a larger house with my girlfriend , how is this possible ? My IVA does come to a conclusion in august if helps. Many thanks
Posted: Wed Mar 26, 2014 7:20 pm
by Foggy
Hi. Have a chat with one or both of our forum whole of market advisers: Ryan and Shaun.
Their details can be found by clicking on the "Ask a Question" link ( top left) and scrolling down to the experts details.
Posted: Wed Mar 26, 2014 7:39 pm
by luluj
Until your iva comes off your credit record you are likely to find it difficult to gain a mortgage. As foggy suggests have a chat with Ryan or Shaun and seek their advice.
Posted: Wed Mar 26, 2014 10:43 pm
by MelanieGiles
Is your current property in negative equity nffcwatto?
Posted: Wed Mar 26, 2014 11:16 pm
by nffcwatto
Hi yes it is i believe as my IVA was extended by 6 months
Posted: Thu Mar 27, 2014 11:49 pm
by MelanieGiles
Was it extended at the outset, or has it been extended for some reason during the IVA?
Posted: Fri Mar 28, 2014 11:13 am
by nffcwatto
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by MelanieGiles
Was it extended at the outset, or has it been extended for some reason during the IVA?
Posted: Fri Mar 28, 2014 11:15 am
by nffcwatto
Hi, it was extended due to thwe negative equity for the 6 months, they said i need pay till july not Feb. Does this effect my house situation ? Thanks in advance
Posted: Sat Mar 29, 2014 12:40 am
by MelanieGiles
I still don't understand why the IVA has been extended due to negative equity!
Posted: Wed Apr 02, 2014 7:38 pm
by nffcwatto
Hi Mel, it seems looking at is i had about 2500 in equity, i had the following in my terms
At the start of your IVA creditors added the following modification to your original proposal;
If the debtor is unable to obtain a remortgage the arrangement may be extended by 12 months in order the allow contributions in lieu of equity.
Does that makes sence ?