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we're now looking at cutting out the IP altogether - it's taking so long to get things agreed and the credit crunch is making it more and more difficult each day to remortgage [already had one mortgage offer pulled out from underneath us] I'm looking at working out exactly how much we can offer on a...

a contribution of about £220 per month is about our limit the house was 100% my wife's before we met - she had paid the mortgage in her own right for a good number of years before I moved in we then paid the mortgage jointly [she was working also] for about 10 years - she stopped working 5 years ago...

markss.......

is that recently?

and did all creditors vote 'yes'?

don't quite understand that.....

if my wife [effectively] has all the equity and can release just short of 25% to offer my creditors, there would be no better offer if the house was all in my name, since the offer would be the same

confused......

rickyg

don't forget, the property is only 1% in my name and this 'offer' from my wife is really my only alternative other than bankruptcy, in which case the creditors would get nought

I have no other assets - even the car I drive is my wife's!!

our monthly disposable income is only around the £200 mark and Wilson Phillips have suggested a one off full and final would be better for us and would be more favourable to the creditors

Wilson Phillips. It's a little complicated but to try and make it simple: (1) the debt is in my name [about £85,000] (2) the house is 99% in my wife's name and 1% in my name - it has been for 10 years [long story] (3) I am the earner in the house - my wife had to stop work about 5 years ago (4) my w...

We're being told that creditors are all now insisting on 25% of debts to be repaid through an IVA. Is this correct? We're looking at remortgaging and offering a Full & Final offer up front of up to 25% [might be difficult to achieve 25% as credit crunch makes it tricky to get a remortgage at the mom...

confirming the balance is easy since it's with Egg and I can see the outstanding balance online this is always going to be rather less than multiplying the amount per month by the months outstanding, isn't it my point is that using the outstanding balance, rather than the amount x no. payments left,...

I think this will have been covered numerous times, but here goes again....

when quoting 'p' in the '£' for making an offer to creditors, is this before or after IP fees are taken into account?

thanks

rickyg

this can make a fair difference........ I have a loan that has a current outstanding balance of about £10,800 but if you were to take the number of months left times the amount per month it would be £2,000 more as a debt balance. This can affect the percentage offer to creditors by a few percentage ...

I've asked this one before........but I can't find the thread and I need some views [expertise if available]. When looking at loans outstanding, what is 'usually' or 'often' used in terms of working out a percentage offer on unsecured loans? Easy with a credit card, as it would be the balance outsta...

I noticed that Ian Millington replied to a poster earlier today and indicated that there's no such thing as a joint IVA. That got me wondering....... If my debts total say £80,000 [credit cards in my name] and my wife's are £10,000 [credit card in her name] and we have a joint bank overdraft of £3,0...

Stockport