IVA completed. My wife & me got two separate certificates!

Get expert opinion. This is the place for new questions to be posted.
8 posts Page 1 of 1
User avatar
martin406
Posts: 1
Joined: Sat May 27, 2017 1:44 pm
by martin406 » Sat May 27, 2017 1:44 pm
Hi we have completed our Iva , my wife got certificate of completion and I got certificate of termination what does this mean ?
User avatar
kallis3
Forum Expert
Posts: 71603
Joined: Mon Mar 17, 2008 4:02 pm
Contact
by kallis3 » Sat May 27, 2017 1:50 pm
Hi,

Did you both complete? Could be a mistake on their part? Speak to them after the weekend.
User avatar
Foggy
Forum Expert
Posts: 23158
Joined: Fri Dec 17, 2010 11:14 am
Contact
by Foggy » Sat May 27, 2017 2:07 pm
Sounds like an error on their part. As Kallis says, give them a ring on Tuesday.
User avatar
Lisa Thomas
Industry Expert
Posts: 5828
Joined: Wed Dec 03, 2014 10:26 am
Contact
by Lisa Thomas » Tue May 30, 2017 8:48 am
This sounds very strange. O the assumption you were in interlocking IVAs and both did everything the same there wouldn't be an issue.

Your wife needs to contact her IP asap to find out why they have terminated her IVA.
User avatar
kallis3
Forum Expert
Posts: 71603
Joined: Mon Mar 17, 2008 4:02 pm
Contact
by kallis3 » Tue May 30, 2017 10:41 am
Hopefully it is an admin error and the correct one will come out once you contact them.
User avatar
Jordan.83
Posts: 7
Joined: Mon Jul 07, 2014 6:00 pm
by Jordan.83 » Tue May 30, 2017 11:41 am
Hello,

i finished an IVA through a full and final settlement over a year ago. My credit score appears to be ok now and i have been accepted for a credit card recently, which i will use sparingly to help my score further.
My wife is currently in the middle of a debt management plan with no end to that in sight. She has about £11000 outstanding.

We own a mortgaged property that we rent out. There is currently no equity in this property and we would probably break even if we sold it. We are currently living in rented accommodation as we needed more space for our 2 young children.

Now that my IVA is finished, we are desperate to purchase a bigger property rather that renting, and sell our current flat that we own. In the summer next year i will get my final wage rise, taking my salary to £37500. i only have a very small amount of debt on a credit card.

Basically i don't know where i stand or who to contact in relation to this.
With my wife being in a DMP, would we be able to get a joint mortgage?
Will i get accepted for a mortgage after having an IVA?
Will i need savings or equity in order to get another mortgage?

Any help would be much appreciated.

thanks
User avatar
Ryan
Industry Expert
Posts: 612
Joined: Thu Nov 03, 2011 10:03 pm
Contact
by Ryan » Tue May 30, 2017 11:51 am
Hi Jordan,

Feel free to contact us if you wish to discuss your situation. It will depend really on when your IVA began. With regards deposit there are no 100% Mortgages these days so you would require a deposit but again the percentage will depend on when the IVA began,

Regards
User avatar
Lisa Thomas
Industry Expert
Posts: 5828
Joined: Wed Dec 03, 2014 10:26 am
Contact
by Lisa Thomas » Tue May 30, 2017 12:20 pm
Admin - fyi duplicate thread in the wrong place.
8 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 14 guests