Seriously thinking about going BR now, phoned my IP who is trying to do something with my IVA but I still don't think I'm going to be able to survive so it looks like BR is the only real option.
This has probably been asked a million times but I'm not too savvy and don't fully understand everything. We have a house, and to be honest, I'd like to keep if we can. We bought it back in mar 05 for £136k, borrowing £131k. On the IVA it stated that we still owed £137.5k (presumably to do with penalties etc). Next door have sold theirs for 145 recently, does this mean that the equity in the house is around 7.5k or is there something else i need to take into account?
Who values the house if we go BR, just the local estate agents? If so how many agents.... I.e. Can we hope to get a low figure and therefore reduce the amount we would have to find to keep our house?
Neither myself or my partner have any family we can ask for help, and to rent somewhere would probably be just as expensive by the time we found deposit, moving costs and someone to have us! (We're not bad people honest!)
I don't understand it all, and I need to before it happens. CAB, well you just can't get an appointment, national debt line got all the figures wrong judging by the means form they sent out today, and anyone else wants a pound of flesh for advice!
Was going to try and ring Melanie, but she's not a charity!
