Hi all,
Thanks for your help on my last post,
In my last installment I told of how the HMRC were required a second valuation, which i got within 24hrs, actualy showing my house had decreased in value since january to the tune of 8k.
They have now accepted demanding that I sell my house within 6 months,
Bearing in mind that I have neg equity as follows,
house value, £ suggested marketing price 242000
Mortgage ( a 1month old 5year fixed deal) 240,000 apprx
Secured welcome loan 10,000
Charging order 10,300
So as you can see significant neg equity so even if I could sell my house in this current climate, there wouldnt be enough to cover shortfall, there is an extra year in my prop IVA to cover equity,
mr hatt of the hmrc tells me that i now have to provide proof that the 1st charge an poss the second would not release the charge and go unsecured, an hew is also asking for proof that they can stop me selling, which I thought was the point of a charge on a house?
he tells me in the 90's it was common practice for companys to go unsecured>
I have a poor compliance debt accrued fro self assesment, I am now paye so no further debt accruing, they have already made my ip (GT) adjourne now the adjourned meeting is on the 24th, so not much time left.
I have no assets car etc etc, I am however a director sharre holder of my own company hence the IVA route,
Any suggestions would be appreciated