Old news i know, and so is this sorry.
I know this has been asked a gozillion times in here, but can
some kind soul with an education explain a full and final for me?.
Its early daze, (deliberate spelling) for us but some of the posts on here scare the (ermm where's me thesaurus,
loving your work sally [;)])second hand food out of me.
Here goes in a nutshell.
we are due to pay 60 x £220 with a 20k equity release in year 4,
Total £33200, which is 38.2p in the £ on our debt.
there is also a paragraph in our chairmans report to say we have to make at least 24 payments before any variation is considered.
Okey dokey then, here's the science bit.
we pay 24 x £220 minimum = £5280
leaving a totlal balance of £27920.
Would we be allowed to remortgage in year 2, and offer say, £25k as a settlement?.
How does it work?
Sorry for a really boring self indulgent post.
Aucto Splendore Resurgo.
(2 down, 58 to go)
Aucto Splendore Resurgo.
IVA accepted May 2007.
Extended by 12 months in lieu of equity March 2012.
F+F offer accepted May 2012.
C of C received August 2012.
IVA dropped off credit file 24th May 2013.