What paperwork is required for self employed F&F ? Is a variation meeting called ?

[julie.ty]

If you have applied to give a f n f settlement figure and are self employed what paperwork is asked of you and is a variation meeting called thankyou

[Tomoli]

Hi,

I am self employed and have offered a full and final. You will have a variation meeting, mine is in a couple of weeks.

My IP asked for business forecast for coming year, last set of accounts for tax year, household I and E and confirmation letter from third party.

[julie.ty]

hi did they ask for your bank statements

[Tomoli]

No, I've never been asked for bank statements by my IP only copies of my business account and tax returns to HMRC

[julie.ty]

thanks they asked for all sorts of stuff from me proof of c benefit working n child tax credit/ child maintenence letter/redemption cert for mortgage n secure loan accounts they already have n letter from relative even sending someone round to scan them

[Michael Peoples]

It would be correct to get the up to date equity situation to provide creditors with the full picture. It is also important to do an up to date I&E so hopefully once everything has been supplied the variation can go through.

[julie.ty]

can they force you to sell your house or keep a charge on your house if the f n f settlement is accepted or rejected thanks they have had two large ppi payments put into iva and there is no other ppi outstanding /no equity release was available but i have equity in the property
thanks they have proof of this already

[Michael Peoples]

If the offer is accepted the property will be protected. Creditors could reject the variation or ask for something else but this is quite unusual especially if you have been compliant. If you cannot raise the equity a full and final or extension is reasonable so hopefully this will go through with no issues.