So if my first payment was Feb 2012 have I reached month 54? In which case should I have been contacted about equity release question? Or should I approach Creditfix ( sigh!!!) How do I obtain rejections? Would a screen shot of an online refusal suffice? I know when I had to get a valuation at the start I failed dismally the agent refused a written valuation, i know I have equity so an inflated Zoopla valuation won't really matter
Your own mortgage company should provide you with a rejection and you may need one other - make sure it is a soft search though so that it won't show on your credit record.
You can pay for a valuation or you can ask for a forced sale and say you are looking to move, which is what I did.
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
It is up to you and if you are happy with Zoopla then go with it.
A soft search is when nothing shows up on your credit report - not sure which mortgage companies do them but check with your IP to see if one rejection will be enough. I just had a letter from mine and my secured loan provider to say they wouldn't loan me anything else.
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
Yes they are - as soon as you have your IVA they are told. Mine told me I was bankrupt!!
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
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
One of the main thrusts of an IVA is to allow you to keep your home -- as long as you pay your mortgage, the amount for which will be ringfenced in your allowances, you will be OK.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
i will give Creditfix until my anniversary date then email my caseworker, i am dreading it (secured loan convo,) I have not seen many people posting experience of this part with Credifix
Credit fix should tell you what they require of you to satisfy the remortgage and valuation position.
You might find the onus is on you to approach them with it per your proposals,rather than the other way around. If you wait another 6 months to the anniversary you may therefore breach your IVA.
Recommend you contact asap.
Last edited by Lisa Thomas on Fri Aug 12, 2016 9:17 am, edited 1 time in total.
This is my first entry in years and how spooky as I about was about to post a very similar thread.
I was moved over from PJG Recovery to CF. Since moving over I have had very little contact by them. I rang them today as I am at month 57 and not had anything through equity release clause. The lady from CF said someone will work out if I need to pay for another year. I said should I not be getting a valuation on my house, settlement figure for secured loan and balance of mortgage so a calculation can be made to see if ive got 5K equity or not. if less than 5K my iva will end in three months. if over 5K trigger equity release.
Lady said theres no need. they will let me know if the 12 month extension is needed.How can they calculate without me providing info
Started a DMP sept '09
IVA since Dec '11
Completion Certificate Dec '16
I would definitely have thought they would have wanted a valuation - challenge them again.
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
