IPA Letter ????

diddly74

Hi guys

Can anyone help me please.

Today my Husband received a letter stating from the 1 November the ORs office want a IPA payment of £97, and that he has 14 days to sign the letter and return it this will take it right up to the wire of 1 Nov I am sure! I did not get any letter (usually as we both went BR on the same day they post letters to us both in the same envelope.)

There is no indication of how they have come to this figure. I have been trawlling the posts but can't find any answers to my particular questions, which are:

Could this amount be for both of us? I am a student nurse as my bursary can't be taking into consideration when working these out can it? (Thats what I glean from the few threads on here about bursaries. But this seems to be a little know fact even by ORs). I understand that we can ask for a breakdown of how they have come to this figure - which I have already fired off an email about to our OR as it is Saturday and they are not in the office today.

Will this new IPA affect whether or not we or one of us gets ED? It was that letter that originally asked for the New SOA etc.!

It says on the agreement with the letter that my husband has to sign that he agrees to allow his employer to deduct the monies from his salary. Will this be done pre or post tax? I.e will it affect how much tax and NI he pays? He doesn't have a NT code.

And a further question - which is somewhat separate. We have been approached by a person expressing interest in buying our house now we have left it. We are living in rented accommodation and were planning on handing the keys back to HSBC next week! The OR knows we have no interest in the house which is in Neg Equity, and we have signed and returned the deeds letters, etc. Would we be allowed to sell it? Not for money for ourselves but it would help HSBC surely as even if we still got less than the mortgage is for surely this would be more than what it would fetch at auction?


Sorry for the long post - it all comes pouring out once you get typing and thinking.

:rotfl:

debtinfo

Your bursary can be taken into consideration for the purpose it is intended and that is to pay your share of the living costs, it cant be used to take money to give to the OR, therefore the OR would have worked out that after your contribution to the living costs and your partner has paid his share of the living costs that he has a surplus of his own from his income which is what the IPA should be based on.

Technically you can sell the house if it is jointly owned, you may find that the mortgage company will not agree if there will be a shortfall or try and get you to sign for the liability of the shortfall

diddly74

Thanks Debtinfo. Will the money be taken pre or post Ni and Tax from my husband's wages?

debtinfo

It is normally done by a direct debit not direct from wages, they only go direct to wages if you dont pay once the agreement is signed