Recognition of the high ratio, justification for the level of expenditure you are currently incurring, a comparison of the downside if you were to sell the property and take the shortfall into the IVA as an unsecured creditor, and the steps you feel that you can take in future to reduce the ratio against a backdrop of further interest rate rises.
Can I just say here that it is my personal policy to be as transparent with my own IVA proposals for clients as possible. In my experience this lends to my 98% success rate at creditors meetings. This is just a personal opinion thought, and I am not saying that I am right. Your own IP may well have a different opinion and style - so please seek their advice as well.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk