They will need confirmation from your parents that they are funding the offer ( also mention in this letter that the funds are for the purposes of a F&F only and, if rejected, they will retain the monies, which will no longer be available to the IVA ). They will also need proof of the funds ( parents bank statements etc.) existence.
SQU02 wrote:So all they should request is a letter from my parents confirming the F&F settlement figure and a bank statement from them confirming that they have the funds?
Usually -- but all IP's have differing requirements and you are obliged to respond to reasonable requests.
Just curious to understand why yours was for 6?
SQU02 wrote:No it was originally with Grant Thornton and then Aperture and it was always for 6 years.
Hi --- Lisa was wondering if your mortgage was with Northern Rock (NRAM) --- as they usually ask for 6 year IVA's when the norm is 5.
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