Search found 28706 matches

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by Foggy
Sun Jun 16, 2019 4:41 pm
Forum: Ask IVA Forum and Industry experts
Topic: Hi I’m currently in an Iva.i
Replies: 13
Views: 77

im happy to deal with that in 4 years time, besides its social housing and because you can only buy 70% there would only be minimal equity. I don't think that would work as Id probably need xsum for the early repayment and still £70k for the property. Assuming even if repaid early, my credit file w...
by Foggy
Sun Jun 16, 2019 4:38 pm
Forum: Ask IVA Forum and Industry experts
Topic: What can I do about my debts?
Replies: 2
Views: 16

Which debt solution will be the best would need us to know the full picture and an in depth analysis. I would suggest a chat with a couple of insolvency firms to get some idea. It typically takes a few months to set up a solution and will depend a lot on how fast you respond and provide the required...
by Foggy
Sun Jun 16, 2019 4:26 pm
Forum: Ask IVA Forum and Industry experts
Topic: Hi I’m currently in an Iva.i
Replies: 13
Views: 77

Yeah -- these things always come at the wrong time ! Trouble is, in 4 years time there will be equity !

Might be cheeky .... but, can your dad give you a lump sum to make a F&F offer to close the IVA early and then buy the property, once the IVA is closed ?
by Foggy
Sun Jun 16, 2019 4:19 pm
Forum: Ask IVA Forum and Industry experts
Topic: Hi I’m currently in an Iva.i
Replies: 13
Views: 77

How far are you into your IVA ?
by Foggy
Sun Jun 16, 2019 4:18 pm
Forum: Ask IVA Forum and Industry experts
Topic: Hi I’m currently in an Iva.i
Replies: 13
Views: 77

Hmmmm .... could be awkward. I would suggest you take advice. These are very cloudy waters, not only from the point of view of the IVA.

On the IVA side, have a chat with your IP. On the purchase side, check that they would accept a private mortgagor.
by Foggy
Sun Jun 16, 2019 4:07 pm
Forum: Ask IVA Forum and Industry experts
Topic: Hi I’m currently in an Iva.i
Replies: 13
Views: 77

That's my main point, there would be not equity, my dad would own 100% of the equity so no point in a sale or equity release. So -- he would be better buying in his own name -- he could transfer to you after the IVA is done and dusted. If he buys in your name and covers the equity by a mortgage in ...
by Foggy
Sun Jun 16, 2019 3:48 pm
Forum: Ask IVA Forum and Industry experts
Topic: Hi I’m currently in an Iva.i
Replies: 13
Views: 77

It depends on whose name is on the Title. If in your name it would be an asset and you would be looking at equity release, as least, and selling at worst --- the legality of him being the mortgagor and your father could be questioned in court. It would be safer if he bought in his name and became yo...
by Foggy
Sun Jun 16, 2019 12:09 pm
Forum: Ask IVA Forum and Industry experts
Topic: F&F SETTLEMENT ADVICE
Replies: 17
Views: 433

Best of Luck.
by Foggy
Sun Jun 16, 2019 9:08 am
Forum: Ask IVA Forum and Industry experts
Topic: PPI Refund
Replies: 2
Views: 88

The requirement to pay statutory interest on the debt, in the event that fees and full debt have been covered is not a given requirement in every case. In my proposal statutory interest was specifically excluded. In some cases it is forgiven at the creditors agreement.
by Foggy
Sat Jun 15, 2019 7:51 pm
Forum: Meet the experts
Topic: Rock and a hard place
Replies: 3
Views: 90

At the moment your only option is to complain by way of a formal complaint direct to Aperture: https://apertureiva.com/legal/complaints-procedure

If this gets nowhere you can escalate to their regulatory body via the Government Gateway: https://www.gov.uk/complain-about-insol ... actitioner
by Foggy
Sat Jun 15, 2019 5:40 pm
Forum: Ask IVA Forum and Industry experts
Topic: Vehicle insurance cancelled
Replies: 7
Views: 184

I cannot common what they can or cannot do and would suggest you pop into your local CAB or have a word with whoever they are governed by or the ombudsman --- https://www.financial-ombudsman.org.uk/. I would have thought that if they were making it so that "the policies were never in place", they sh...
by Foggy
Sat Jun 15, 2019 12:32 pm
Forum: Ask IVA Forum and Industry experts
Topic: Post of the Month
Replies: 4
Views: 1548

Sat Jun 15, 2019 12:04 pmKirsty.72 wrote:
Amazing! Thanks Foggy et al, ..that’s really cheered me up. 😊
You are welcome --- in the post asap :-)
by Foggy
Sat Jun 15, 2019 12:15 pm
Forum: Ask IVA Forum and Industry experts
Topic: PPI After IVA Completion
Replies: 9
Views: 138

You need to chat with Credfitfix -- some firms allow you to retain the interest element, but this is purely discretionary.
by Foggy
Sat Jun 15, 2019 11:32 am
Forum: Ask IVA Forum and Industry experts
Topic: removing a restriction
Replies: 2
Views: 112

If removal of the restriction has been ordered it should only take a matter of days, but, as with all of these things, it depends upon the work load and the practice notes used by the LR.
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