What should we do?

32 posts Page 3 of 3
Post Reply
 
 

carlmcmullen

User avatar
Posts: 487
Joined: Thu Jan 24, 2008 5:55 pm
Location:
Post by carlmcmullen » Sun Feb 03, 2008 11:01 pm
Quote
Learn something new everyday....

Interesting discussion, hope we havent confused you to much lulu.

Carl
Top
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Mon Feb 04, 2008 6:58 am
Quote
Thanks for all the messages, questions, doubts and resolutions - I am taking from this that it is possible, but the deposit is likely to have to be 15% made by a third party and written down that this was for the sole purpose of a deposit towards a house and that no repayment of this would take place until after the IVA concluded.
That any equity in the property would not be subjected to the IVA as the house was purchased after the start of the IVA - as long as we did not sell during the IVA we would not be expected to release any of it.
The mortgage rates that we may be considered for will be higher than high street lenders, but managable within our limits of £800 per month.
Thanks guys - now I have to consider my options!
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top
Post Reply
32 posts Page 3 of 3
Return to “postings for february”