4th year review

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Post by kevin.me » Mon Jul 05, 2010 11:00 am
Early this year our full and final offer was turned down,because 2 creditors (27%of total) thought it too early to review(30 months).They rather surprisingly thought that a new mortgage offer may be forthcoming,this would mean someone offering £178000 to me earning £28000 and my wife £4800 both in an IVA.
In 3 months our 4th year review is due,with us having to obtain the extra £53000 mortgage,appart from the obvious refusals,what else in terms of documentation in addition to the usual review information will be requested?

Michael Peoples

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Post by Michael Peoples » Mon Jul 05, 2010 11:39 am
If you have the refusals it is likely that the IVA will be extended although this will depend on the terms of the IVA. Creditors may accept a full and final at this time as the mortgage market shows no sign of changing.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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