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Selling House to Offer Full & Final Settlement on IVA
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symesd
Posts: 124 Forumite
I am on month 30/60 into IVA (paying £367 p/m) we are putting our house up for sale £159950, outstanding mortgage £118,000, Outstanding 2nd Mortgage £13,200 = total £131,200 - Selling Fees £1,800, Solicitors £600 (approx) = therefore approx - £133,600 to settle all these - Remaining Equity = £26,350 .... providing we get asking price. -
Remaining payments to IVA £11,010 - we have also paid in an additional £1279.85 from PPI claims - effectively payments due total £9730.15
We are looking to go into renting until we are able to get a mortgage again.
??? how much should or could we offer for F & F settlement and be debt free ???
Remaining payments to IVA £11,010 - we have also paid in an additional £1279.85 from PPI claims - effectively payments due total £9730.15
We are looking to go into renting until we are able to get a mortgage again.
??? how much should or could we offer for F & F settlement and be debt free ???
Current Debt £16,364 about to settle following pension payout
0
Comments
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Hi,
That's a difficult question to answer, you will have to be careful what you tell your IP, otherwise they will want the lot.
If they know it's from a house sale, only the full amount will be satisfactory.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Surly they will know I'm selling.
There is a hold on property or somethingCurrent Debt £16,364 about to settle following pension payout0
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