Hi We started our IVA in June 2010 with RSM Tennor and this was taken over by Grant Thornton in 2013 who later on changed their name to Aperture, in our original contract we were advised that after 54 months we would have to get a mortgage redemption statement and we would have to get a valuation of our property, which we did and now we have had another letter, after paying into the IVA for 6 years, I don't understand why they would require another valuation and a redemption statement, especially after 6 years, I've read the original paperwork and there is nothing mentioned in there, Do you know why they would ask for these at this late stage
It might be an admin error with the letter being sent out wrongly.
Speak to them and query it and tell them you have already sent the details to them.
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.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi and welcome, I'm not sure why but if your IVA was for 60 months and you've now paid the extra 12, in my humble opinion the extra months would be in lieu of equity but again I'm not an expert so hang in there and one will be along very soon to offer some advice.
Pop back for a look later.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Hi, Thanks very much for your reply, and yes you are right they have confirmed it was an admin error, however they said they would not be able to give us our completion documents unless we sign a document called Apeture Green v Wright doc. "There is an appeal in place following a recent court case (Green V Wright) regarding the treatment of PPI post IVA completion although the outcome of this is not expected until late 2016 early 2017. To mitigate delays to completing Voluntary Arrangements Aperture have drawn up a formal agreement that would permit PPI investigations post completion." which could take 2 to 3 years "Please note that in the absence of you completing this document, I will be unable to complete your IVA until such times as I am satisfied that the PPI-related obligations have been fulfilled or until the outcome of the appeal is known and its impact understood."
I don't really know what this means for us if we sign this document,it just seems never ending this IVA, will it be finally over if we do sign and what if any implications this will mean for us or should we not sign and wait.
In your shoes I would sign it and get my Completion Certificate. All it means is you're giving them permission I believe to claim on your behalf any PPI despite having closed your IVA down and issued the completion certificate.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
You can sign this - just means that if there is any PPI after completion they can sort it.
Green v Wright is still ongoing.
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.
Bob Marley. http://kallis3.blogs.iva.co.uk
