Ok thanks for that,will see at our annual review as our mortgage payments have just come down too so guess iva contribution will be changing anyway.

we are spending an average of £120/week.Our contingency/emergency is always used for shopping.We also buy shops own or cheaper products to make it stretch.

Hi,what is the allowance for 2 adults and 3 children (one of which is 17) for shopping per month in an iva? Ours was set at £450/month when we started in May 2009.With the continuing price rises is it reasonable to ask for an increase at our annual review? thanks

Hi,we are in an IVA and just received letter saying as fixed rate has ended on mortgage our payments will go on SVR which will reduce payments by nearly £200/month.What happens with the money we will be saving please?

Hi,just received letter saying mortgage payments are reducing because of end of fixed rate.What happens with the money now saved because of reduction as we are in an IVA?

Hi, we are currently on a 5 year fixed rate with NR that ends next January 7.9% interest rate(was a good rate at the time) after it ends we will be put onto their SVR and will prob be less than 7.9%, so what will happen if our repayments drop? Do we have to put all the difference into our IVA? And w...

Our mortgage provider (Northern Rock) have sent us a letter saying they will waiver the early repayment fee on our fixed rate 7.9%mortgage.Could we remortgage with another lender or would it be at a higher rate if we did as we are 2 years into our IVA.

Hi, what would happen to my IVA if I am made redundant? Should find out in next month or so if I lose my job- redundancy payment is just under £30,000.Could I make a full & final offer from my pay off and keep some of it for living expenses until I find another job??
Currently 2 years 2 months in iva.

Our mortgage provider (Northern Rock) have sent us a letter saying they will waiver the early repayment fee on our fixed rate 7.9% mortgage. would it be possible to remortgage or would the rate be higher as we are 2 years into our IVA?

I.P was away on hols so took a while to get back to my e-mails regarding Northern Rock ,but rang me and explained what the prob was and its now sorted so mortgage payments taken for the loan included in the iva have been credited back to the mortgage. NR said they hadn't seen the chairmans report fr...

Hi and many thanks for that. I was sort of half thinking it could'nt be right for them to do this after agreeing our iva.

hi, entered into an iva on may 18th 2009 and included in the iva was the unsecured part of our 'Together Mortgage' with Northern rock.So set up a standing order to carry on paying the mortgage(all ok no probs said Northern rock). Just received our quarterly mortgage statement and they have been usin...

thanks for the info- will post when Lloyds stop pressuring us. hopefully soon[:)]

Lloyds TSB keep sending letters that we are over our overdraft and behind with loan payments but we no longer use the account and they were creditors in our iva (approved may 2009).have informed them of this but they dont seem to listen. have told our I.P and sent all letters to them. anyone else ha...

thanks for all the advice .