Hi Everyone - I have not posted on here for a while- work commitments and all that!
I thought I would just fill you all in as to what has been happening these past weeks and to thank everyone for their kind words and support.
As you know, I was in a very strong position to remortgage my property and offer a F & F to my IVA. Unfortunately, due to the increase in interest rates and the crash in the States, sub-prime lending has hit an all time high, which means the interest rate offered on this remortgage is just too much for me to entertain. I did go back to my solicitor about this and we have agreed that the best option for me is to go BR. It is not something that I wanted to do, but I just cannot see myself continuing along the path of funding the IVA (which I am struggling with at the moment) and pay my secured creditors at the same time. Coming to this decision was one of the hardest things I have had to do, but without the support of my very loving partner, there is no way I would have done it.
So I guess I am going to be posting quite a bit on here, asking questions which will no doubt drive you all mad!!!!!
I would like to give a very special thanks to a company that has of late started posting on here - and that is "mikedomain" and in particular Jamie Watts. I spoke to him on the phone yesterday and was treated with utmost respect, was given very sound advice regarding mortgages and what my options were post BR. Thank you.
I will keep posting on here and share my experience along with all the others.
Sue
Ho Hum! Think I'll bang my drum!
Read My Blog
http://sadsack.blogs.iva.co.uk/