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Posted: Fri Mar 02, 2012 8:03 pm
by Nigeld490
What percentage do Northern Rock normally like on a return in IVA's i have heard it is between 30 and 40% is that true.
Posted: Fri Mar 02, 2012 8:11 pm
by kallis3
Hi and welcome
I don't think there is a specific percentage - they will be the same as the others and look at affordability.
Posted: Fri Mar 02, 2012 8:48 pm
by MrsR
Hi Nigel,
My meeting was Monday just gone and Northen rock are one of mine.
I believe they do not have a 'requested' amount that they want, but may ask for a modification in the arrangement. Mine was an increase of £12 to my amount and an extension of 12 months.
You could speak to your IP and ask.
Posted: Fri Mar 02, 2012 11:20 pm
by insolvencypaul
They will likely accept what you agree with your IP
They virtually ALWAYS ask to extend to 6 years[8D]
Posted: Mon Mar 05, 2012 1:23 am
by MelanieGiles
They have no minimum dividend requirement and do not always ask for the IVA to be extended to six years - only if there is more than six years left to pay on their loan.