We've waited 4 months since final payment and still no sign of completion documents from our IP. We were told it could take up to 6 months but would more than likely be weeks to wrap everything up. Requests for updates are going unanswered and when I call I'm getting standard response that I need to allow 6 months.
Is this a normal time period? I'm concerned something is not right and it's not being progressed.
Any advice would be appreciated. Apologies, I may have posted this twice today by accident!
6 Months certainly isn't unusual unfortunately going from our Client's past experiences. Things like dealing with PPI claims can lead to quite long delays sadly.
Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre
IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?
6 months is the standard time frame built into Protocol IVA's along with the possibility of this being extended, so this is not unusual at all. Many are tied up within weeks though, PI --- even though you didn't have any they will still want to look (except Stepchange, who don't seem to boither), but this need not hold anything up if you assign any PPI to them. Incidentally I swore I never had any -- they found over £8,000 !!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Many cases were not closed due to a court case which was recently settled. This created a backlog in some firms which should now be addressed and hopefully you will get your certificate soon.
Contact you IP in writing and ask what is causing the delay. Keep the pressure on them to close. Worst case scenario you should only have to wait for 2 more months...
