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by ollyrharness
Sat Feb 02, 2008 3:50 pm
Forum: IVA postbag for february
Topic: Equity and Falling House Prices
Replies: 1
Views: 7604

If there is an amount of equity in the house that the IP is unwilling to agree to be utilised or moved to a potential invest that could generate more equity, but insists on the original property remaining as is for the 4th year equity release and in that time any equity is lost due to falling house ...
by ollyrharness
Sat Feb 02, 2008 11:15 am
Forum: IVA postbag for february
Topic: What happens if I dont sign the RX1?
Replies: 2
Views: 9678

what happens if I dont sign the RX1 form
by ollyrharness
Sat Feb 02, 2008 10:50 am
Forum: IVA postbag for february
Topic: Home Moving and Improvements
Replies: 2
Views: 7955

Hello

If during an IVA you have to move, does all the equity released from the sale have to be used as a deposit for the new one. If any improvements need to be made, for example a new kitchen, central heating or bathroom, where would the money come from?
by ollyrharness
Mon Jan 28, 2008 9:47 pm
Forum: postings for january
Topic: Retraining Costs
Replies: 13
Views: 3039

Thank you remaining positive. Have been doing some rough figures. If I put 6k deposit on house with repayment mortgage, continue making payments of 435 on an iva for 28000. Get valuation after 3 1/2 years I would have made total payments of £18000, there should be enough equity in house to make earl...
by ollyrharness
Mon Jan 28, 2008 9:28 pm
Forum: postings for january
Topic: Retraining Costs
Replies: 13
Views: 3039

Hello

Thankyou for your reply, the IVA is joint with my fiancee, but will call IP with everything crossed tomorrow.

Only other way I can think of is to put all money back into new property then take out secured loan on that.

Olly
by ollyrharness
Mon Jan 28, 2008 7:16 pm
Forum: postings for january
Topic: Retraining Costs
Replies: 13
Views: 3039

Hello

Yep I have a fourth year equity release clause
by ollyrharness
Mon Jan 28, 2008 7:01 pm
Forum: postings for january
Topic: Retraining Costs
Replies: 13
Views: 3039

Hello My fiancee would work full time during the day, and so we would be able ot keep up payments. The courses take 12 weeks, then I would then work with a plumber in the area to gain work experience. Partime college courses can take longer. The part about the number of plumbers in a given area. You...
by ollyrharness
Mon Jan 28, 2008 6:38 pm
Forum: postings for january
Topic: Retraining Costs
Replies: 13
Views: 3039

Hello I have just entered an IVA but my circumstances many change in the near future. My mother in law not well and my fiancee would like to move back home to take care of her. This would mean selling our house and me leaving my job. We would release 11k of equity. I would like to take this opportun...
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