Posted: Sun Feb 17, 2008 7:36 pm
I started my IVA last April, the amount to repay being £45,600 ( I pay £760 per month). When I started I was living with my parents and explained to the IVA company that this may change, I now have to move out of my parents home by the end of summer. I obviously don't have money to pay into an IVA and rent at the same time as they only allowed me £200 for rent at my parents and this won't even get me a room for rent in london.
I wanted to find out:
1. If it would be possible to obtain a 120% mortgage to by a small studio and use the excess money in a full and final settlement of my IVA ?
2. Also what kind of figure would be reasonable to offer as a full and final lump sum?
Any advice appreciated
Thanks
I wanted to find out:
1. If it would be possible to obtain a 120% mortgage to by a small studio and use the excess money in a full and final settlement of my IVA ?
2. Also what kind of figure would be reasonable to offer as a full and final lump sum?
Any advice appreciated
Thanks