Have sorted everything out with change of mortgate to interest free will save 175 per month and this will get me out of the hole. Interestingly enough, only one company that I spoke to told me about the scale of the charges. The other two just said that their fees would ocme out of the monies I paid...

This has been suggested to me, is the suggestion that we switch to an interest only payment for the term of the iva and then go back to an IVA? Otherwise I am unable to see how this owuld improve my situation as I would still have the capital payment to make at the end of the mortgage term

Thank you Gentlemen, you have given me a glimmer of hope -we are at 45.8% so only just over the 40%, just need to find someone to take me on now! Otherwise its a debt managment plan into my 60s!

I have 62500 debt with 7 creditors, I could afford to pay just over 300 per month in an iva but have been told that becuase my joint mortage and secured loan payments total over 40% of our joint income I am unable to go for an IVA is this correct