can i downsize my home

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p.b5

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Post by p.b5 » Mon Aug 20, 2007 12:27 pm
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can i downsize my home to the same value as my present home while having an IVA
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MelanieGiles

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Post by MelanieGiles » Mon Aug 20, 2007 12:29 pm
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You will need to discuss the implications of this with your IP, but in principle there should not be a problem so long as this does not affect your ability to service your IVA? Is this being considered due to higher interest rates, and do you have a final year equity release provision?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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