www.iva.co.uk

Dear all,

if I was given a lump sum of money after our last payment but before the CC came through, for home improvements, could this be classed as windfall which could be taken away from us?

would or should we tell our IPP?

mark

If the lump sum is a gift it's none of their business.

If its ppi, inheritance etc. It still comes under windfall.

My grandmother past away back in November, My father was left everything, he is now gifting us some money from his inheritance.

Mark

Sorry for your loss - mine also left us last year.

It's a gift so don't worry about it.

Thanks for your replys

Mark

I'm sorry for your loss as well - lost both my parents in the past two years but as lifenoteasy says - it's a gift so no worries.

Condolences to you, a gift is just that, complete your home improvements but just remember if you have the equity clause it may increase the value of your property, just to make you aware.

With our last payment on the 1st of Feb we will completing a 12 month extension in loo of equity so hopefully the home improvements wont impact on that.

Mark

If you've already had the valuation it shouldn't be a problem.