Search found 690 matches

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Search found 690 matches Page 1 of 46
by Shaun Vickery
Thu Jun 07, 2018 11:24 am
Forum: Ask IVA Forum and Industry experts
Topic: My rights and next steps
Replies: 5
Views: 5015
It sounds like it is on the way to being sorted. As regards GDPR you have always had access to your data but I'm not sure this is going to help much - it sounds like it will only confirm what you already know and possibly just delay things further. Hopefully you will have it resolved soon and, as yo...
by Shaun Vickery
Thu Jun 07, 2018 11:19 am
Forum: Ask IVA Forum and Industry experts
Topic: Mortgage
Replies: 5
Views: 4762
Given what you say you it should certainly be possible although lenders do of course vary considerably in their approach. It's important to do a little bit of groundwork and preparation but any experience Mortgage Adviser with specialism in this area will be able to help.
by Shaun Vickery
Wed Jun 06, 2018 3:25 pm
Forum: Ask IVA Forum and Industry experts
Topic: Guidance on how to declare IVA
Replies: 6
Views: 5024
Best of luck anyway Sarah, hope it goes well.
by Shaun Vickery
Wed Jun 06, 2018 2:50 pm
Forum: Ask IVA Forum and Industry experts
Topic: Guidance on how to declare IVA
Replies: 6
Views: 5024
I agree, you have to answer the question honestly. In any event, if you don't you are probably likely to feel as though you are looking over your shoulder all the time.
by Shaun Vickery
Wed Jun 06, 2018 11:37 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA early exit loan
Replies: 12
Views: 5494
Yes I'm afraid, certainly from our point of view, this is only available for home-owners.
by Shaun Vickery
Wed Jun 06, 2018 9:28 am
Forum: Ask IVA Forum and Industry experts
Topic: Chances of getting a mortgage post IVA
Replies: 4
Views: 4960
It sounds like a great opportunity for you and there should be a reasonable amount of options available to you, although you may still be limited to some extent. Anyone with specialist experience in this field should be able to guide you through this and secure the most competitive rate possible.
by Shaun Vickery
Wed Jun 06, 2018 9:24 am
Forum: Ask IVA Forum and Industry experts
Topic: Help with how property is dealt with in an IVA
Replies: 17
Views: 5019
For the IVA to have been 'secured' against the property your ex must have signed an authority.
by Shaun Vickery
Wed Jun 06, 2018 9:21 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA early exit loan
Replies: 12
Views: 5494
Essentially, if there is enough equity in your property and you qualify for a loan, you can make an offer known as 'Full and Final' to your creditors. This would be conditional upon it settling your obligations and therefore, if accepted by the creditors, you would no longer be subject to the terms ...
by Shaun Vickery
Wed Jun 06, 2018 9:16 am
Forum: Ask IVA Forum and Industry experts
Topic: Let property in my wifes name
Replies: 10
Views: 4815
Check your paperwork - it will show whether the property is included or not. If so the IP will be unlikely to release their interest and therefore you won't be able to transfer it into your Wife's name anyway.
by Shaun Vickery
Tue Jun 05, 2018 3:02 pm
Forum: Ask IVA Forum and Industry experts
Topic: Let property in my wifes name
Replies: 10
Views: 4815
I agree entirely with Foggy, also did you declare the income from the rental property to your IP?
by Shaun Vickery
Tue Jun 05, 2018 3:00 pm
Forum: Ask IVA Forum and Industry experts
Topic: How much equity will I be expected to release
Replies: 2
Views: 4859
It will depend on many other factors but there are some fairly strict rules to protect you. Firstly it will depend on the amount of equity in your property (maximum borrowing up to 85% of the value) but also any new mortgage will have to be affordable and the increase in payments no more than 50% of...
by Shaun Vickery
Tue Jun 05, 2018 9:51 am
Forum: Ask IVA Forum and Industry experts
Topic: Equity release question
Replies: 15
Views: 4952
Thanks for the positive feedback Abbiesmum, I'll make sure this is shared with the team here :D
by Shaun Vickery
Mon Jun 04, 2018 2:04 pm
Forum: Ask IVA Forum and Industry experts
Topic: IVA QUESTIONS AND WANTING TO APPLY FOR A NEW JOB
Replies: 6
Views: 4714
I'd just ask the Police Force the direct question (you can do it anonymously?). We've certainly handled plenty of mortgage applications in the past for Police Officers who have had financial difficulties.
by Shaun Vickery
Mon Jun 04, 2018 2:01 pm
Forum: Ask IVA Forum and Industry experts
Topic: Would I be eligible for the Help to Buy scheme
Replies: 4
Views: 5114
Hi Nicky

I afraid I agree with Ryan, at least for the time-being. Sorry.
by Shaun Vickery
Mon Jun 04, 2018 1:56 pm
Forum: Ask IVA Forum and Industry experts
Topic: Equity release question
Replies: 15
Views: 4952
Very often, and uniquely in this situation, a higher rate can actually be advantageous. This is where we rely on the clause in the IVA which determines that the increase in mortgage repayments cannot exceed 50% of the IVA contribution. A higher rate means having to release less equity, which is actu...
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Search found 690 matches Page 1 of 46