Thank you all for your valuable response. I'm currently waiting for the outcome of my annual 3rd annual review and then proceed with the remortgage. My agreement states: In the 4th year of the Arrangement an open market valuation of the property must be provided to the Supervisor, together with a mo...

My IVA commenced in Oct 2007 and has an equity release in the 4th year. I am happy to say that in the beginning it was quite difficult but became easier to time passed. I think its one of the best decision in my life. My current fixed rate mortgage is ending Jan 2011. My understanding is that I can ...

Melanie, I expected that one, actually it is not about hiding anything, actually I have already prepared them the docs. But I am concerned that the contract is there to be followed not be amended as the ip deems fit. Why the leeway. Next time they might change the equity or overtime or breach clause...

I have been contacted regarding my annual review by my new iva company and in addition to p60, 3 months payslip they have requested 3 months bank statements. My arrangement was transferred to the current company late last year. With the original terms bank statements were not mentioned. Is it right ...

Sorry for the delay in updating you of the outcome. I called the Ip office and was informed that the creditors have agreed by email, but they are waiting for the paperwork to come over. To make it clear about my offer, the creditors requested additional £155 on our previous offer. But after making t...

The other point that I would like to make is that I just received a mortgage increase of £115 after sending my proposal. As a result of this, in my response to the creditors I have agreed to £155 but will actually pay the creditors additional £40 taking into account the mortgage increase. Power to c...

Thanks Melanie, we have been on DMP paying £600 pm for the last 2 years. As you know with DMP they are expenditure is less generous. Therefore I would rather pay that amount towards IVA.

Power to change is within me

I called my ip at 4,I could not hold any more. Unfortunetly the creditors requested additional £155 between us. Barclays voted yes by 37% requested that amendment. I have asked my ip to agree to this as I just want this sorted, I will have to do without a few things. Waiting for the response from ip...

For me the turning point was when I started skipping the credit card minimum payments. I then realised I needed to do something. I contacted Payplan who arranged a DMP. I still feel a IVA would have been more suitable in my situation. However, my creditors meeting is tomorrow. In less than 24 hours!...

Hi all

I am starting to feel good already. Thanks for your positive comments. God Bless. Sorted

Power to change is within me

We are proposing a joint iva with spouse. My creditors are: mbna 2500 barclaycard 4000 barclaycard 3300 baclays 1900 barclays loan 10000 cahoot 900 cahoot 500 cahoot 4600 egg 5500 hbos 6050 hfo 2000 hsbc 700 hsbc 800 lloyds 800 rbs mint 6100 total 51,600 offering 235 for 60 mnths + 4th year equity r...

Thank you all for your prompt response. Just a another matter, if in the 4th year there is no equity or you are unable to remortgage, what happens? Who and when is the 6th year proposed?

Power to change is within me

Thanks Dave
I will wait for the papers and to see the actual clause.
thanks again

Power to change is within me

I have been an observer for quite a while and thank all for your advice. I have decided to go into an iva offering around 45p to £1, thats inclusive of fees. My equity currently stands at 15%, therefore no equity to be considered, but still my ip insists on offering equity release at year 4. IP insi...