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Posted: Sun May 31, 2015 10:32 am
by markyparky
Hi,
I am looking into a secured loan provider for a Full & Final offer on my IVA which is currently in month 53.
Thank you
Posted: Sun May 31, 2015 11:09 am
by Foggy
Have a word with Shaun Vickery -- he has provided this to other posters in the past.
Details here:
http://www.iva.co.uk/forum/pop_profile. ... y&id=22837
Posted: Sun May 31, 2015 12:09 pm
by lifenoteasy
...but make sure your agreement specifically states secured loan,
Posted: Sun May 31, 2015 1:52 pm
by Foggy
Quite ... if you are in month 53 your arrangement probably says remortgage or extend and has no compulsion for you to take out a secured loan. That said, in some cases people prefer the loan option rather than an extension -- all boils down to the maths and the circumstances.
Also check your paperwork for details of the usually applied limits to lending (repayment no more than half the IVA payment, term not to exceed existing mortgage etc).
Posted: Tue Jun 02, 2015 9:48 am
by Michael Peoples
Some people like to settle early rather than extend for a number of reasons. They could be considering selling the property so settle the IVA first and then sell or they may be fed up with handing over bonus money overtime etc. They may just want to repay what they can afford so there are numerous reasons.
Regardless, Shaun is the only broker that I know of who can raise funds for a settlement and his company know what they are doing. Best of luck with the offer.
Posted: Tue Jun 02, 2015 5:16 pm
by markyparky
Once again many thanks for your valuable experience and I have already made contact with Shaun so let's see where things go from there.
Regards,
Mark
Posted: Wed Jun 03, 2015 9:03 am
by Michael Peoples
Good luck with that Mark. Hopefully it works out for you and let us know how it goes.