Hi! The inheritance will be deemed as a windfall and need to be paid into the iva! The debt you will need to pay is your total debt which was accumulated prior to the iva and not the amount agreed through the arrangement! Also you will be required to pay the fees plus a possibility of statutory inte...

Hi orange! Do you mean 3 years post completion and still unable to obtain a mortgage? If so what reason have you been given by the banks

Hi! Have you any equity in your home? Just thinking that you obviously do not have any defaults at present so is there a possibility of remortgaging and paying debts off! Also beware that the iva may be extended to 6 years in order to cover any equity or secured loan/ remortgage may be required!!

Yes we did!! Pay plan asked us for authorisation and at that time 2 years ago we were told that we did not have to do this! We completed and have been told by tesco etc that EIF have been making enquiries!!

When are you likely to get confirmation of the offer? We have submitted everything now to the underwriting team! I am sure they will probably say no though!!

This is really good news Irishrams and I am enjoying hearing your updates! Do you know what interest rate they are lending at? We are still going through the application process with the nationwide! When the magic button was pressed we were referred so not good or bad! We are just providing all the ...

Hi! I would advise only if they ask if you have ever been in an arrangement with creditors or directly ask if you have ever entered into an iva

Hi! It's very difficult to obtain a mortgage from a high street lender post iva so it's extremely unlikely to be offered one whilst currently in the iva! Don't forget the conveyancing fees etc which the creditors would probably want paying into the iva pot if the funds are available! When calculatin...

Oh sorry I assumed the htb scheme was a separate application to the government lending bods!! Good luck and I look forward to hearing how it's all going

Hi Irishrams! Congratulations that is great news! Were you not able to use the help to buy scheme as it is a new home?

Sorry I totally sympathise as we were torn too although the equity would not have been enough to pay off our debts! Living in an iva is very difficult and can take up to a year or 2 to get used to living within such a tight budget! I remember many a dark day when the money had run out and feeding th...

What a shame nobody advised you to do his in the first instance rather than enter into an iva!! You will have incurred fees to your ip which will have to be included in your total debt which is sad when you may not have needed to go down the iva route!! It would also have made obtaining a mortgage i...

Oh crikey! The thought of that again would totally fill me with horror! For us the iva was the biggest wake up call we needed in order to learn how to budget and not use credit unnecessarily!!

Why do or would you need one?? An iva is meant to allow you to live within a budget without the need for credit!! Not that I think this totally happens or is reality!!!!

I would definitely obtain all statements from the credit card and send them to the company to prove it has not been used! Is there a reason it was not included in your IVA?