IVA Change of circumstances
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cheeseoatcake
Posts: 35 Forumite
Hi all,
Further to my other post "iva update"
I have been looking after my father for the last 2 yrs whilst working part time. He has been helping me out financially but in the last few weeks he has gone into care for a assessment of his needs and capabilities. It looks unlikely he will go back home.
This will impact me in two ways firstly any financial help will go and also I have the use of his motability car to use to and from my workplace and in conjunction with caring for my dad. This car will go back in the next month or so. Leaving me in a bit of a pickle.
Myself and my wife both work at opposite ends of the city, times clash and I have to get to work by 6.30am. Neither of us could get a direct bus to work.
A second car is needed.
As mentioned we're in month 54 awaiting re-mortgage advise.
My wife isn't named on the iva and had some money gifted to her a couple of years ago. She already owns are family car and his the main driver.
Could there be possible questions if we were to get a second car for my use. Obviously we would have to show second car costs in our next review, could this cause any problems?
Also should I notify my IP straight away of the changes and ask about a second car?
Kind regards and thanks for any help
Further to my other post "iva update"
I have been looking after my father for the last 2 yrs whilst working part time. He has been helping me out financially but in the last few weeks he has gone into care for a assessment of his needs and capabilities. It looks unlikely he will go back home.
This will impact me in two ways firstly any financial help will go and also I have the use of his motability car to use to and from my workplace and in conjunction with caring for my dad. This car will go back in the next month or so. Leaving me in a bit of a pickle.
Myself and my wife both work at opposite ends of the city, times clash and I have to get to work by 6.30am. Neither of us could get a direct bus to work.
A second car is needed.
As mentioned we're in month 54 awaiting re-mortgage advise.
My wife isn't named on the iva and had some money gifted to her a couple of years ago. She already owns are family car and his the main driver.
Could there be possible questions if we were to get a second car for my use. Obviously we would have to show second car costs in our next review, could this cause any problems?
Also should I notify my IP straight away of the changes and ask about a second car?
Kind regards and thanks for any help
0
Comments
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Not sure you needed a second thread, however please always inform your IP of a change in circumstances as your affordability will be a domino for other aspects of your Arrangement, such as your equity review. You will need to illustrate to your IP why you need the second car, however that being said will it be your wife purchasing this? Was your IVA company aware of the third party help from your father and was this included in your income and expenditure/statement of affairs?0
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Hi, sorry about the second thread.
Yes she would be purchasing the car.
Yes the IP have been informed of help from my father as I had to finish work due to ill health. Now working again but not in the same capacity as before.
Kind regards0 -
Just out of interest, what was their response?0
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Ultimately if it is your wife purchasing the car it shouldn't be a problem. The IP will be more bothered about your affordability going forward so ask for a change in circumstances review0
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