I have got a RX1 restriction on my property

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andy.c

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Post by andy.c » Tue May 15, 2007 11:09 pm
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Hi, I have been in an IVA for nearly 1 year now. I currently have a offer on my property and had one accepted on another one which I would like to purchase. I am currently trying to get a mortgage on the new property with a possible re-mortgage to also clear off the IVA. I have got a RX1 restriction on my property. what is the best option round this to be able to get moved to a new property?
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MelanieGiles

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Post by MelanieGiles » Wed May 16, 2007 12:21 am
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Your IP will have to give permission for this, and also agree to your sale and purchase. I assume this was placed on your property as you have to effect an equity release at some stage during the IVA, so this will of course also be transferred to your new property. Speak to your own IP for more definitive advice.

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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