We are in an IVA, our mortgage rate is due to change in a few months and I have been given some quotes by the mortgage company. If you are on a standard variable rate, how does this effect the IVA?? Do you have to inform the company each month of your mortgage payment??
Thanks for your help [:)]
Debt free by 2015 xx
Wants to thank this great forum for the help so far
You need to give them a call - they may take 50% or they may want it all. Only your IP can help you with this.
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
I would expect them to want it all,equally when the rates go up(been waiting for this for a long while now but will happen eventually),your payment into the IVA should reduce accordingly.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
