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Search found 652 matches Page 1 of 44
by Shaun Vickery
Wed Apr 18, 2018 4:24 pm
Forum: Ask IVA Forum and Industry experts
Topic: Sell off house to pay off IVA
Replies: 3
Views: 2947
Alternatively you could raise funds against the house in order to make a full and final offer, then you will be free to sell the house at your leisure because your creditors' interest will be removed.
by Shaun Vickery
Tue Apr 17, 2018 3:43 pm
Forum: Ask IVA Forum and Industry experts
Topic: Do i must release the equity 6 month before the end of IVA?
Replies: 16
Views: 3160
Do you mean as opposed to entering the IVA at all?
by Shaun Vickery
Tue Apr 17, 2018 3:00 pm
Forum: equity release
Topic: Equity Clause from HMRC
Replies: 10
Views: 2997
Just make sure you are speaking to a Mortgage Adviser with specialism in this area, anyone lacking the experience will most definitely be out of their depth!
by Shaun Vickery
Tue Apr 17, 2018 1:42 pm
Forum: Ask IVA Forum and Industry experts
Topic: Do i must release the equity 6 month before the end of IVA?
Replies: 16
Views: 3160
Realistically, by the time you are required to look at releasing equity, there is likely to be a re-mortgage and/or second charge mortgage 'secured loan' available to you. I would therefore factor this in to your thinking. Your creditors are unlikely to be willing to walk away from all of the equity...
by Shaun Vickery
Tue Apr 17, 2018 1:37 pm
Forum: equity release
Topic: Equity Clause from HMRC
Replies: 10
Views: 2997
In my experience HMRC do tend to impose such clauses, in the evident proviso that, if you are unable to release equity from the property, they may then expect you to sell. I do have concerns over how realistic an expectation this is otherwise; it may allow you 24 months to raise the £32k but if, as ...
by Shaun Vickery
Mon Apr 16, 2018 2:33 pm
Forum: Ask IVA Forum and Industry experts
Topic: Will a guarantor be chased if I do IVA?
Replies: 5
Views: 3325
Unfortunately that's the nature of acting as someone's guarantor.
by Shaun Vickery
Mon Apr 16, 2018 2:32 pm
Forum: Ask IVA Forum and Industry experts
Topic: Will it be very tricky to get a lender for mortgage even after full and final?
Replies: 3
Views: 3289
Hi Amy. Obviously I can't comment on whether the IVA was the right solution for you at the time but, presumably, there was logic in the decision or advice you received. In terms of removing the IVA from your credit file, that isn't possible unless it was registered in error I'm afraid. Assuming that...
by Shaun Vickery
Thu Apr 12, 2018 3:47 pm
Forum: Ask IVA Forum and Industry experts
Topic: Business bank account
Replies: 3
Views: 4363
Does he really need to open a business account or is it more for convenience?
by Shaun Vickery
Thu Apr 12, 2018 9:43 am
Forum: Ask IVA Forum and Industry experts
Topic: Working in finance while in an iva
Replies: 22
Views: 5028
Absolutely Maxine. Best of luck with it, sounds like you deserve it.
by Shaun Vickery
Thu Apr 12, 2018 9:11 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA settled and help to buy scheme
Replies: 5
Views: 4844
Hi Alison. The IVA certainly, in itself, doesn't exclude you from the Help-to-Buy scheme but the challenge will be to find a lender who will allow both. This will depend on your other circumstances and when the IVA was first registered.
by Shaun Vickery
Thu Apr 12, 2018 9:03 am
Forum: Ask IVA Forum and Industry experts
Topic: Working in finance while in an iva
Replies: 22
Views: 5028
Hi Maxine. It is down to the individual firm and not the FCA directly. Ultimately the firm has to be able to prove to the FCA that they have robust procedures for ensuring fair treatment of customers....and therefore making sure that someone in debt isn't likely to be recommend a product that makes ...
by Shaun Vickery
Thu Apr 05, 2018 3:25 pm
Forum: Ask IVA Forum and Industry experts
Topic: Chances of mortgage with RBS after IVA completion? I have not disclosed my IVA
Replies: 10
Views: 4921
Unfortunately what you have experienced is not at all unusual and the reason that both Ryan and myself are kept employed. There may well be a suitable solution for you but you may have to be advised by an expert in this area.
by Shaun Vickery
Thu Mar 29, 2018 11:21 am
Forum: Ask IVA Forum and Industry experts
Topic: Can I do help to buy scheme post IVA?
Replies: 5
Views: 4950
Hi Megan, yes it's entirely possible (depending on your other circumstances) but in essence that fact that you have had a previous IVA does not exclude you from these schemes.
by Shaun Vickery
Thu Mar 29, 2018 11:19 am
Forum: Ask IVA Forum and Industry experts
Topic: Selling a property that is in negative equity
Replies: 10
Views: 4946
If Lisa is able to achieve that for you it would be a great outcome. Failing that you are really looking at having to negotiate with the lender, there's not really any specific protocol in these matters.
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Search found 652 matches Page 1 of 44