Asking for payment reduction ? Car and home insurance increased, mortgage increase soon.

[clairesmiler]

hi all am 6 months into my IVA, since starting my car and home insurance has increased and ive just found out my mortgage with santander is going to increase from october. I am able to ask for my payment to be lowered to accommodate these increases? thanks

[Michael Peoples]

You should be able to get a 15% reduction without creditor approval but anything else will need another meeting of creditors. Speak to your IP.

[Struzzo39]

good luck, hope you manage to get sorted.

[luluj]

Speak with your own IP and ask for a review to be done due to the changes....hopefully they will be able to support a reduction to help you manage more...let us know how you get on

[Niobe]

Hope you get sorted Claire - let us know.