iva f&f

southgate999

Hi with an annual review now due I have gathered our paperwork together and ready to go for it.
Having spoken to our supervisor feel a bit down about it now.
He didn't seem to won't us to make an offer and stated that they are also due £14,000 from any equity released from the property and this offer was very unlikely to be accepted.
Which I tried to explain getting a mortgage was highly unlikely.
We've offered £5750 as a F&F.
Paid 36 x £290 = £10,440
Offered £5750 + 2 x £290 next 2 payments till accepted with 2 years to go on IVA.
They would have got £17,400 possibly £20,880 if ran on for another 1yr. Offer is payments 38 x £290 = £11,020 + f&f offer £5,750 = total of £16,770 as a total paid back, is this really that unacceptable.

Does anyone think it worthwhile to put in the letter or a covering letter our mortgage chances or the payment figures i.e. Mortgage of £162,917 interest only with 19yrs remaining =
Payment of £764.00 per month. If on repayment would be £1050.00 approx which at the moment allows us to pay our IVA.
Chances of getting a 19yr mortgage aged 52yrs with less earnings than 6yrs ago zilch.
I think the supervisor is more concerned about what charges they will lose.
Any advise greatly appreciated.

regards
south