Search found 624 matches

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Search found 624 matches Page 1 of 42
by Shaun Vickery
Thu Feb 22, 2018 10:17 am
Forum: Ask IVA Forum and Industry experts
Topic: Our IVA journey has recently ended in September 2017, worried about mortgage now
Replies: 4
Views: 218
Firstly congratulations on successfully completing your IVA and great to hear that the forum has been a support to you, as it is to many people. It certainly something you would be well advised to look at sooner rather than later. It may be that you would be better to wait until the IVA is 6 years o...
by Shaun Vickery
Thu Feb 22, 2018 10:14 am
Forum: Ask IVA Forum and Industry experts
Topic: Is it right that IVA can take 85% of house sale profit, if sold during IVA?
Replies: 4
Views: 240
It may be that you can negotiate a full and final settlement prior to selling the property and conditional upon it or alternatively raise funds short-term against the house in order to do so. The latter would then leave you free to sell at your leisure.
by Shaun Vickery
Wed Feb 21, 2018 6:15 pm
Forum: Ask IVA Forum and Industry experts
Topic: How do I remove an IVA from my credit report?
Replies: 4
Views: 432
Could you explain a bit better what you mean by 'cancelled' it?
by Shaun Vickery
Thu Feb 15, 2018 4:31 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can creditors call me while I am still in IVA?
Replies: 4
Views: 2223
Not having to deal directly with your creditors is one of the advantages of an IVA after all!
by Shaun Vickery
Thu Feb 15, 2018 4:30 pm
Forum: Ask IVA Forum and Industry experts
Topic: Will having an IVA affect job prospects in financial services?
Replies: 3
Views: 2214
I have to qualify the above by saying that, as you are no longer even in the IVA, I see that as being far less of an issue for a potential employer.
by Shaun Vickery
Thu Feb 15, 2018 2:59 pm
Forum: Ask IVA Forum and Industry experts
Topic: Will having an IVA affect job prospects in financial services?
Replies: 3
Views: 2214
I agree with Foggy and I suspect that, if they are thorough, they will ask you this specific question at some stage anyway. Because it's such a highly regulated environment, and depending on your exact role, they may just need to manage your supervision slightly differently. For example they have an...
by Shaun Vickery
Thu Feb 15, 2018 9:48 am
Forum: Ask IVA Forum and Industry experts
Topic: How to get failed IVA off the credit file?
Replies: 4
Views: 2348
I'm afraid I can only confirm what has already been said. It will be correct and the IVA will show on your credit file for 6 years.
by Shaun Vickery
Wed Feb 14, 2018 10:28 am
Forum: Ask IVA Forum and Industry experts
Topic: I am in the process of buying a house from a person who has IVA
Replies: 4
Views: 2515
It appears to depend on whether their IVA was completed and it's just a matter of removing the restriction on the property, or whether there is some question regarding whether the IVA is finished at all. I doubt the former on the basis that creditors are still having to vote. Therefore it would real...
by Shaun Vickery
Tue Feb 13, 2018 11:45 am
Forum: Ask IVA Forum and Industry experts
Topic: I am at the stage of my IVA where they are looking at equity. Really confused...
Replies: 2
Views: 3229
Wherever we are involved in assessing ability to release equity we use the former method Foggy mentions.
by Shaun Vickery
Mon Feb 12, 2018 5:08 pm
Forum: Ask IVA Forum and Industry experts
Topic: Has anyone heard of Swift Insolvency?
Replies: 4
Views: 2954
The Insolvency Practitioner there is Steven Cooke, who I've always found to be very professional. Of course you may still wish to speak to another firm to compare the advice you've been given.
by Shaun Vickery
Thu Feb 08, 2018 11:23 am
Forum: Ask IVA Forum and Industry experts
Topic: Can we sell our house & payoff some debt before getting into IVA or bankruptcy?
Replies: 7
Views: 3892
I would certainly recommend talking to an Insolvency Expert - possibly one of the experts or sponsors of this forum? A re-mortgage may not be a viable option if you have limited equity and, in particular, if you have already started missing payments on credit.
by Shaun Vickery
Thu Feb 08, 2018 11:17 am
Forum: Ask IVA Forum and Industry experts
Topic: Implications of paying off daughter's iva
Replies: 4
Views: 3732
I agree with previous comments (and very funny Foggy!) - it would free her from the ties of her IVA although her credit file will remain damaged in the short-term.
by Shaun Vickery
Thu Feb 08, 2018 11:15 am
Forum: Ask IVA Forum and Industry experts
Topic: Do you have to wait 6 years after an IVA before getting a mortgage?
Replies: 4
Views: 3622
I'd echo previous comments regarding fees....anyone needing to charge their fee up-front rather than on success might be doubting their own ability. Depending on your other circumstances (amount of deposit, income etc) then it may be possible. A decent specialist adviser will be able to establish th...
by Shaun Vickery
Thu Feb 08, 2018 11:12 am
Forum: Ask IVA Forum and Industry experts
Topic: I’m trying to purchase a house for £448k with a deposit of £68k
Replies: 6
Views: 3790
Both issues can probably be managed, on the assumption that the builder bought the property in part-exchange. This all relates to Council of Mortgage Lenders (CML) guidelines and Anti-Money Laundering rules but it's possible that it can be navigated if everything is 'above board'.
by Shaun Vickery
Mon Feb 05, 2018 1:02 pm
Forum: Ask IVA Forum and Industry experts
Topic: Post IVA Query
Replies: 12
Views: 3472
Ta-da! Debt forgiveness in it's full glory. Well done Carl
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Search found 624 matches Page 1 of 42