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Posted: **Mon Apr 02, 2007 9:26 am**

Thanks for the help everyone.
Another reason why i may not be able to re-mortgage is my mortgage provider. GE Money.
They say that early redemption of the mortgage will result in penalty clauses. This coupled together with any IVA settlement may take me into a position whereby they feel that i would not be able to handle the increase in mortgage. I have tried re-mortgaging twice already. My income status has improved over the last 18 months and of course we have been affording the IVA thus far. Or is the fact that i cannot re-mortgage due to the current lender or the fact that my mortgage is an interest only type at present. If i can afford a £300 p.m IVA at present, then surely i can afford a lesser amount by re-mortgaging. ??.

P.S excellent forum & great help from all

Kevin

Posted: **Mon Apr 02, 2007 11:00 am**

Hi Kevin and thanks for the kind words about the forum.

When do your redemption penalties on the current mortgage expire? And what is the value of your property compared to the outstanding mortgage (including redemption penalties)? How long have you been in your IVA?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Posted: **Mon Apr 16, 2007 7:28 pm**

Hi Can someone answer this for me.I am currently 2 years into my iva.I am in the process of claiming back bank charges as the bank i am claiming from has shut my account.I am finding it impossible to open another account and do not know what to do.My wages and other income have knowherte to go and are floating in space as far as i know. I tried a halifax easycash account as they dont do credit checks as such but i was still declined.The manager at the bank saisd they do check for bankruptcy ivas and ccjs.Do you thinkl it is the iva that is causing this? ifor could it be my claim against the bank? if its the iva what am i supposed to do ?please help dont know what to do at this rate i wont be able to pay my iva. alkso as i have had no access to any money i have had to borrow it my mum to get by so money from bank charges will go to her is this ok. bank are not one of my creditors .

Posted: **Mon Apr 16, 2007 7:36 pm**

Hi there
I can recommend Think banking as can a few others on here go to gregorypennington.co.uk and look at the managed ac can be opened over the phone has debit card, open to all including bankrupts does not matter who creditors are there is a 12.50 charge but when you see the advantages its worth it I think.

Ang