L82 wrote:Not sure what happened there but I had to re register. Yes his accounts are in order, my IP office is closed today so just wanted to find out if it’s possible before I contact them to discuss. Would he have to take the loan out and have available in his bank account prior to acceptance? Is it difficult to get a F&F settlement agreed? The amount I will offer will be the same as the amount thgbwojkd be paid if I continued to make payments for the full term. I have also noticed I need to make sure they don’t think this is a windfall.
He would need to be certain that he would be able to actually get the funds and be able to demonstrate this to your IP --- to get the F&F accepted and then to be unable to pay would be catastrophic! F&F offers are normally quite straightforward and will depend on who you are with as to how simple or otherwise they make it. You need to make it clear that the money is from a third party and is for the purposes of a F&F only. If your offer is rejected the money will be retained by the donor and will no longer be available to you or the creditors.
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