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Posted: Wed Jul 15, 2015 11:34 pm
by rob090881
If I submit a F & F offer, what is expected of me?
Do I need to provide mortgage statements or secured loan statements, wage slips or anything else? Or do they just use what I gave them for the annual review a few months back. I want to be prepared, so it takes as little time as possible.
Posted: Thu Jul 16, 2015 7:48 am
by Foggy
They will want to establish the equity position as this affects the amounts they are looking at getting if the IVA continues, so, as well as the mortgage / secured loan redemption figures they will want a current valuation. Some IPs do this from the desk using the likes of Zoopla ( highly inaccurate).
Posted: Thu Jul 16, 2015 8:16 am
by rob090881
Ok, thanks
Posted: Thu Jul 16, 2015 8:38 am
by plasticdaft
It tends not to be a particularly fast process,just a word of warning.
Paul
Posted: Thu Jul 16, 2015 9:34 am
by Michael Peoples
The variation timescale should not be too long. Your IP must call the meeting within 21 days of your request so gather the required information and send it in. If there is any delay remind the IP of their obligations under the terms and conditions [R3 or Protocol are pretty much the same].
Posted: Thu Jul 16, 2015 11:08 pm
by rob090881
Thanks, keep up the good work chaps. You are priceless.... luckily, because I have no money anyway!