I am on an IVA and my fixed mortgage payment is due to go down in the next 2 months. My disposible income is currently £300 per month after working 70 hours a week. Once my mortgage payment goes down this will give me an extra £400 per month. Do I have to notify my IVA company because I need this extra money?
I would consider slowing down at work once your mortgage decreases. You must inform your IP of any changes like this and fill out a fresh income and expenditure form. Your income should really be based on your basic net pay
I absolutely concur with Andy - no one (apart from busy IPs of course!!) should have to work a 70 hour week, and if you can reduce this down as you will not need to rely on that money so much your IP should be fully supportive.