Hi, we are just completing our final review. Our surplus income is around £80/month this year, an increase of £30 due to my husbands on call payments. Previously if the surplus is under £50 we have been allowed to keep it. As it is over the £50, will the whole £80 be taken or will we be able to keep...

We have just gone through the same thing with Aperture, (Grant Thornton Before. Thanks to the support from this forum we challenged and won! Have you requested the calculation method from Aperture? You will need this to compare with your paperwork. There should be an example of the calculation metho...

Hi, Just to update you all. My challenge was upheld!! The company stated that they had taken legal advice regarding the calculations in Annexe 7 which is at odds with the wording of the policy, and the way they are now calculating has been agreed in law. However, because we had agreed our IVA using ...

Hi both, thank you again. Great to have your input/experience footiemad. I am going to challenge! I will email them a copy of the examples and as Foggy has said I will ask them to review using the method that have shown on my documents. I'll post the result.

I have been reading lots of posts, including yours Foggy on Apertures strange calculation method. As you can see from the above post this is what they have done with us. This calculation method is very different to the IVA protocol, and certainly different to the examples shown in our IVA agreement....

I have heard back 'Net worth is defined as ‘any asset owned minus any debt owed’. Our initial calculation is to determine whether or not there is available equity in your property. In your case, this was calculated as £14,110.94, therefore you must choose an alternative to a re-mortgage of your prop...

thank you for your replies, they were really helpful. I have read my agreement and it states that 'the term is 60 months with an additional 12 months in lieu, if the equity in the house is over £5000 but the debtor is unable to obtain a re-mortgage' (We have no equity to release). I'm going to email...

Hi, sorry for the long Post, but I am so confused. I have recieved this from my IVA Company-'Following a review of your documents, I can confirm that available equity greater than £5,000 was identified in your property. However, you are not required to attempt to re-mortgage your property as your cu...

Thank you for the reply. My IVA states LTV so I have emailed Aperture to ask if the fees should be included in their calculations. My mortgage advisor has told me that there is no equity to release at 85% LTV because of the fees required to re-mortgage. Would this mean that I will continue to pay th...

Hi, We are five years into the IVA and have just submitted our house valuation. Aperture have asked us to release £1,456.90 as a re-mortgage to take us up to 85% LTV. They have not included early mortgage repayment costs, which are over £3000. Should these be included in what we owe on the propert...