Money from relative for F@F only. Ant advice much appreciated.

[Kate.cb]

Hi. Our iva with Grant Thornton is due to finish in Dec 14 - 5 years from start date. However, due to a change in circumstances - ie, my husband and i are separating - an Aunt has offered to pay £5,000 to the iva company which will not be a loan and she does not want repaying on the condition that the iva finishes early so we separate with only the mortgage to worry about - the house is in negative equity by approx £25,000!! Our balance remaining on the iva is roughly £6,200. I will be moving out of the area due to the separation and will probably have to leave my job until I can find something closer to where I'm moving to. Would this be something GT would consider. Aunty WILL NOT give us this money if GT will not accept as full and final payment though. Any advice would be most appreciated. Thank you.

[Adam Davies]

Hi and welcome

It sounds a good offer given the circumstances

Put the offer in writing stating that it will only be made if both IV's are concluded

Good luck

Regards

[cs101]

You have good reason to offer Full & Final offer. I would offer them £4000.