Please could someone advice me

21 posts Page 2 of 2
 
 

hussa

User avatar
Posts: 14
Joined: Fri Apr 04, 2008 8:56 pm
Location:

Post by hussa » Tue May 13, 2008 6:15 pm
I have just filled in all the relevant details to remortgage my property as i am in my final 8 months of the iva. I have been asked for a valuation fee of £300. up front but am unable to raise this. This has to be raised within a couple of days, as i risk losing the low interest rate and no solicitors fees. My financial advisor has said that he cannot take the money from the morgage at the end when all other fees will be paid. What will happen if i cannot raise this money? Will this be a breach of contract? Please help.
 
 

Viki.W

User avatar
Posts: 5647
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom

Post by Viki.W » Tue May 13, 2008 6:21 pm
Hey hussa, an expert will help you with your query. Good luck, you're nearly at the end. Viki X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
 
 

hussa

User avatar
Posts: 14
Joined: Fri Apr 04, 2008 8:56 pm
Location:

Post by hussa » Tue May 13, 2008 6:24 pm
Thanks Viki.W. All advice much appreciated.
 
 

Viki.W

User avatar
Posts: 5647
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom

Post by Viki.W » Tue May 13, 2008 8:07 pm
Just thought I'd bring this back to the top for you. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:

Post by Adam Davies » Tue May 13, 2008 9:39 pm
Hi
If you can't remortgage then your IVA should conclude at month 60.Some IVAs have a clause that extends your IVA ny twelve months if you can't remortgage.
Check your Chairmans report
Regards
Andam Davies
 
 

hussa

User avatar
Posts: 14
Joined: Fri Apr 04, 2008 8:56 pm
Location:

Post by hussa » Thu May 15, 2008 5:08 pm
Thanks Andy for your advice. In my proposal there is a clause that says if I cant remortgage then the iva has to be extended to another 12 months. I cant dream of having to go through another 12 months with this . I was looking forward to the end of these long and hard 60 months. Is there no other way out? Surely there must be some other way round this.
21 posts Page 2 of 2
Return to “postings for may”