advice on early redemption figures

[zoe]

Hi all
This is a question for Ip's if they can help
I have been in corresp (rather parents have) i have Early red of £5000 on my mortgage, valid for another 3 and half years, been bankrupt nearly 12 monhs and OR in Nottingham is refusing to recognise ER figure - i have read on the forum that some OR offices allow it - what can i do???

Thanks a million
xx

[Adam Davies]

Hi
It's strange that they will not recognise this given that the three years will be up within your early redemption period.Does the ER figure reduce as the years go on ?
I would have thought that they wuld be glad to sell the BI on and save the hassle of selling etc
Regards

[zoe]

Hi Andy
No these dont decrease at all which i why i am finding this very strange, if they had to sell the house or i remortgaged these would be payable

[Adam Davies]

Hi
It may be worth you contacting Paul at Reviva,he deals with this sort of thing on a daily basis
Regards

[zoe]

Thanks Andy
Paul can you help with this??

thanks

[Reviva UK]

Hi Zoe

sorry for delay in getting back - only just got home after saving the world !

Delighted to have a chat about the situation - who knows perhaps a little intervention will help.

please leave your contact details on my web page and I will get back to you and have a chat - pls also let me know the best time to call.

take care

[MelanieGiles]

In my experience the OR is unlikely to budge on this point - so if Paul can work his magic he deserves a large cup of coffee Zoe!

[zoe]

Thanks Paul
Melanie is right - you deserve more than a large coffee! - i will send details

[AlanO]

Hopefully Paul can work his magic - I have not dealt with Nottingham OR - However those down South usually take a pregmatic view - specially if all the facts are presented to them in a written report.

all the best alan

www.debtdr.co.uk