Page 1 of 2
Posted: Mon Dec 19, 2011 9:56 am
by jar
put a claim in for ppi wich was with first plus.my question is, it was secured against our home wich my wife and i both paid but it was only in my name,can my wife keep half as i am the only one with the iva.it was a joint mortgage so dont know how it is just in my name as my wife would have to sign it if it's secured on our house!
Posted: Mon Dec 19, 2011 10:03 am
by plasticdaft
If the loan is only in 1 name I think you are stuck,regardless of the property being in 2 names.
Paul
Posted: Mon Dec 19, 2011 11:16 am
by kallis3
Agree with Paul - if it is just in your name then it will have to be paid into the IVA.
Posted: Mon Dec 19, 2011 11:54 am
by jar
we moved mortgage provider in 2004 and payed are old mortgage off plus the secured loan which had ppi so you would think she is entitled to half as we both paid the mortgage since
Posted: Mon Dec 19, 2011 2:37 pm
by kallis3
Unfortunately, if it is just in your name then she is unlikely to get a look in.
Have a word with your IP.
Posted: Tue Dec 20, 2011 2:59 am
by MelanieGiles
It is very unusual to see a secured loan taken out in just one name. Are you sure that this is correct?
Posted: Tue Dec 20, 2011 2:01 pm
by jar
hi melanie
daft me just phoned the ppi company up and it was a joint loan with my wife,would she be able to keep some of the money if any, there is only me in the iva.
Posted: Tue Dec 20, 2011 2:10 pm
by kallis3
I've no idea on that. Speak to.your ip as they are best placed to advise.
Posted: Tue Dec 20, 2011 8:33 pm
by janjan
Hi Jar
I have just received a cheque from firstplus for ppi. The cheque is in my name, but similar to you, it was a secured loan with my partner and I am the only one in the IVA. Going to contact IP tomorrow, to see if we can keep any of the money to buy a new cooker (two rings and oven not working properly), get stair carpet and other minor repairs and decoration. Maybe as the loan is in both are names they will only want a percentage. Will keep you updated.
janjan
Posted: Tue Dec 20, 2011 8:43 pm
by Shining
Sincerely hope you get a new cooker janjan, all the best. x
Posted: Tue Dec 20, 2011 9:00 pm
by Adam Davies
Hi
If the loan is joint and hence the PPI payment then any refund should be between you and the non IVA party should be able to keep their share of any refund.
Regards
Posted: Wed Dec 21, 2011 2:21 am
by MelanieGiles
Your wife can definately keep her share. Glad we were able to help with this one, and it should prove to be a good Xmas in the "Jar" household!
Posted: Wed Dec 21, 2011 6:39 am
by janjan
Thanks Andy, Melanie and Lesley.
Thanks
janjan
Posted: Wed Dec 21, 2011 10:33 am
by jar
thanks all for your help
Posted: Wed Dec 21, 2011 11:13 am
by jar
[quote]Originally posted by janjan
Hi Jar
I have just received a cheque from firstplus for ppi. The cheque is in my name, but similar to you, it was a secured loan with my partner and I am the only one in the IVA. Going to contact IP tomorrow, to see if we can keep any of the money to buy a new cooker (two rings and oven not working properly), get stair carpet and other minor repairs and decoration. Maybe as the loan is in both are names they will only want a percentage. Will keep you updated.
janjan
hi janjan
hope you get the things you need,did it take long for your claim to be sorted from first plus