Sorry, me again. If we made it through to next September, when our available income increased due to DH starting school, then we would look into going for an IVA. When proposing an IVA, can the creditors object to the level of mortgage i.e. if you lived somewhere cheaper you could afford to pay us m...

Sorry, me again. If we made it through to next September, when our available income increased due to DH starting school, then we would look into going for an IVA. When proposing an IVA, can the creditors object to the level of mortgage i.e. if you lived somewhere cheaper you could afford to pay us m...

Hi Melanie, Thank you for your guidance, you must answer 1,000's of posts!! I would estimate a value of £250k today. There is a similar house in the same road which has been on the market a long time at £275k, but just no interest. The mortgage debt is £178k and secured loan debt is £38k. So potenti...

Hi, thanks for your comments. I've just checked and my mortgage is with Abbey, and at their current SVR of 7.09% my monthly I/O payments would increase to £1,050!! So you're absolutely right, my DMP payment is swallowed up. I think I'll need to try to up my earnings, reduce our outgoings and keep ta...

First post, so "Hi" and "Help!" My husband and I are late 20's with a young daughter, who will be starting school next September. We both work full time and before tax earn around £45,500, but out of that we pay £500 per month in childcare. We have a huge amount of debt, for various reasons, but thi...