Search found 746 matches

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Search found 746 matches Page 1 of 50
by Shaun Vickery
Thu Dec 06, 2018 1:28 pm
Forum: Ask IVA Forum and Industry experts
Topic: Will I have to take out a loan on my house?
Replies: 5
Views: 2379
There's no reason for you to lose your house at this stage, certainly if you have complied with your obligations under your IVA. Your creditors will have agreed to you entering the IVA on the understanding that you will try to release some of the equity from your house at the end and this does seem ...
by Shaun Vickery
Thu Dec 06, 2018 1:19 pm
Forum: Ask IVA Forum and Industry experts
Topic: Working in the finance sector
Replies: 2
Views: 2615
Anyone who you work for in Financial Services will need to do due diligence on a regular basis but it's up to them specifically how they choose to manage your ability to perform your role. Ultimately they'll be responsible for evidencing appropriate controls to the FCA and they'll need to decide whe...
by Shaun Vickery
Thu Dec 06, 2018 1:12 pm
Forum: Ask IVA Forum and Industry experts
Topic: Any chance of a joint mortgage?
Replies: 3
Views: 2872
Depending on your circumstances your partner may be able to take out the new mortgage just in his name and you can think about adding yourself at a later date.
by Shaun Vickery
Thu Dec 06, 2018 1:10 pm
Forum: Ask IVA Forum and Industry experts
Topic: My IVA is coming to a end
Replies: 5
Views: 3192
It could be that there's a simple misunderstanding with your IP. If your IVA has already been extended in lieu of equity, because you were unable to re-mortgage, or was set at 72 months at the outset in lieu of equity then there shouldn't be a need for you to extend any further.....unless the extens...
by Shaun Vickery
Mon Nov 26, 2018 3:08 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help...calculations for potential remortgage.
Replies: 14
Views: 6975
Precisely! It depends on the individual circumstances of course but very often that's the case.
by Shaun Vickery
Mon Nov 26, 2018 1:45 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help...calculations for potential remortgage.
Replies: 14
Views: 6975
A higher interest rate may (ironically and uniquely in this situation) actually suit you due to the way that the IVA protocol works. It is designed to ensure that payments will be affordable to you by limiting the increase in your monthly mortgage commitments to being no higher than 50% of your IVA ...
by Shaun Vickery
Thu Nov 08, 2018 1:41 pm
Forum: Ask IVA Forum and Industry experts
Topic: When can I remortgage post IVA
Replies: 4
Views: 6249
Unless you are desperate to do something now, it certainly opens up more competitive options if you wait until your IVA is over 6 years since it started. If you are happy to wait then now is still a good time to start any preparatory work ahead of an application, checking your credit file is correct...
by Shaun Vickery
Thu Nov 08, 2018 1:38 pm
Forum: Ask IVA Forum and Industry experts
Topic: I'm about to sell my house .....
Replies: 4
Views: 6560
Which IP firm are you with?
by Shaun Vickery
Wed Nov 07, 2018 11:59 am
Forum: Ask IVA Forum and Industry experts
Topic: Implications of lending friend money to clear IVA
Replies: 13
Views: 5964
There, and I've uploaded a new avatar too....thought it best to have one that was at least taken in the last century!
by Shaun Vickery
Wed Nov 07, 2018 11:55 am
Forum: Ask IVA Forum and Industry experts
Topic: Implications of lending friend money to clear IVA
Replies: 13
Views: 5964
I'll have to take your word for it Foggy but I can honestly say that in our experience we've never seen a creditor reject a proposal because the F&F is being provided from a loan or re-mortgage.
by Shaun Vickery
Wed Nov 07, 2018 11:15 am
Forum: Ask IVA Forum and Industry experts
Topic: Implications of lending friend money to clear IVA
Replies: 13
Views: 5964
Am I misunderstanding something? As I understand the thread, the loan IS to be an early exit loan, the exception theory with these being that the loan isn't officially made until the IVA is settled (at least simultaneously).
by Shaun Vickery
Wed Nov 07, 2018 11:03 am
Forum: Ask IVA Forum and Industry experts
Topic: Implications of lending friend money to clear IVA
Replies: 13
Views: 5964
Lisa why would it need to be a gift not a loan? Surely the creditors won't be concerned?
by Shaun Vickery
Wed Nov 07, 2018 9:59 am
Forum: Ask IVA Forum and Industry experts
Topic: Implications of lending friend money to clear IVA
Replies: 13
Views: 5964
There's no reason this should affect your own credit file, it won't even show.
by Shaun Vickery
Wed Nov 07, 2018 9:57 am
Forum: Ask IVA Forum and Industry experts
Topic: Full and Final settlement
Replies: 7
Views: 6022
The problem with this, at least as I understand it and as you probably now know, is that in an IVA all creditors should get an equal share of what is repaid, whereas one creditor could have been 'preferred'. The fact that no money has changed hands should hopefully mean that there are no repercussio...
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Search found 746 matches Page 1 of 50