Queries for McCambridge Duffy following requests for equity documentation.

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Nali.h

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Joined: Wed Sep 30, 2015 2:22 pm

Post by Nali.h » Wed Sep 30, 2015 2:22 pm
Hello,

My partner and I have 7 months left of a 6 year IVA, we pay 145 a month. McCambridge Duffy has contacted us asking for:

1.Recent property evaluation
2. Mortgage redemption statement
3. 2 mortgage offers/illustrations.

My income is half of what it was when we got our mortgage as I am now self employed. If we cannot remortgage or do not have enough equity, what will happen?

Our IVA is already a 6 year one, can it be further extended?

If we could borrow from family and pay the £1015 (145 x 7 months of IVA payments) would that be ok and the IVA end? Or what would be a good offer?

Is it ok to apply online for the remortgages and if refused just show proof of the rejection?

If we can get a remortgage, what if the interest rate is higher due to bad credit etc, we do not want to end up in debt again?

Any advice will be much appreciated. Thank you so much
 
 

kallis3

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Location: United Kingdom

Post by kallis3 » Wed Sep 30, 2015 2:47 pm
Hi Nali,

I believe Michael has already addressed your concerns on this thread

http://www.iva.co.uk/forum/topic.asp?wh ... 091#595183
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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