Don't really understand the 85% LTV.

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Nicola.th

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Post by Nicola.th » Fri Sep 04, 2015 3:48 pm
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Hi we have 34 payments left to make at £135 pm house value at approx £99,000 mortgage left to pay £77,000 . If we were to offer a full and final (3rd party) was wrong Bering what a good starting point would be . Don't really understand the 85% ltv and if we have enough equity to extend for 12 months as that is what papwrwork states would happen if in equity . Any help would be helpful thank you
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lifenoteasy

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Post by lifenoteasy » Fri Sep 04, 2015 4:03 pm
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If you feel that equity will apply a suggestion would be offer 40 times your monthly payment.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
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Michael Peoples

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Post by Michael Peoples » Fri Sep 04, 2015 4:25 pm
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I agree. Something like £5k should be reasonable as it gives you a little discount for paying early.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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