Hi all

Just thinking ahead, does anybody know the costs involved for x2 bankrupcies, or with being married would this be taken into account
and only classed as x1.

Thanks

Hi all

The mortgage is joint with my husband, it is also a joint iva.

Thanks

Hi the proposal was for 50p in the pound.

In total including ip fees over 5 years totals £25,000
Plus £15,000 equity release was in total £40,000.
Minus the ip fees i think the payback would eqate to 25p in the pound.

Thanks

Hi all The equity is still there as i had valation done last week and my house has increased in value by £1,000 to £90,000. The morgage owed is £61,500 with a £3,000 penalty =£64,500 as i did a mortgage review 2 years ago for a better fixed rate deal (5 years). So there is equity in the property. Wi...

Hi all Thanks for the replies. I will get approx £10,000 redundancy, and i was thinking about offering them half of this which will equate to 5 full years paid into the iva, but without being able to offer equity release which was agreed at £15,000 do you think this will be accepted? Also if they di...

Hi all More avice needed please? I am approaching the 5th year of my iva and have approached my mortgage company Northern Rock to release equity -they have refused as i mentioned previously. They have asked me to provide my last mortgage statement and get a house valuation on my property which i hav...

Hi all Just a quick update on the Northern Rock situation as they have announced they are starting to lend again. The information i previously was advised by Northern Rock is correct. They are offering mortgages to first time buyers, buy to let, and life time mortgages, but not offering remortgages ...

Hi all

Thanks for the information i will keep you updated on any further news.

Hi I have spoken to Northern Rock today and they have told me they will not be able to offer me a remortgage now or in the near future due to their situation. I have also spoken to Freeman Jones who have advised me to get a property valuation and my last mortgage statement and send them in to them, ...

Hi

I will speak to Northern Rock asap and will update with any information.

Once again thank you.

Hi Melanie I am with Freeman Jones in Manchester. What do you mean by effects and implications? Do you know what will happen if Northern Rock would not allow additional borrowing for the equity clause? Thank you for taking the time to help me with this, it is very much appreciated, it seems stupid t...

Hi Melanie Also with regard to my IP explaining equity release to me - he didnt--and nobody else ever has- when i did mention at the beginning of the iva we were told not to worry this can be dealt with later on, i have recently telephoned them regarding equity release as my mortgage is with Norther...

Hi Melanie According to Zoopla the property today is valued at £91,000, and the current mortgage owed is £60,000, also i do not have nor have ever had a report regarding any modifications, as i said earlier with regards to the equity after reading all my paperwork that is the only paragraph that men...

Hi Melanie This is the only mention of equity release in the proposal. It says, we recognise that creditors view our home as a valuable asset. We therefore propose to make a payment of £15,161 into the arrangement in satisfaction of any claim by the supervisor or creditors to this equity. This payme...

Hi Melanie Sorry i am a little unsure as to what post the clause means and the current figures, i am not normally this thick. Do you mean this information DEBTS 59,239 Voluntary payments £25,620 Equity release £15,161 =40,781 FEES =11,075 Available for creditors =29,706 Dividend to creditors =00.50.15