in joint IVA with husband, marriage broken down

[lisaban]

I am currently in an IVA as is my husband. Our marriage has broken down and we''ve now separated and he has moved out of the home. I can afford to keep the mortgage on by myself as I have started a new job on 1 April however I only wish to remain here for the short term and would like to know what options we have in relation to selling the home or removing his name from the mortgage (if the mortgage company will allow this.

[Adam Davies]

Hi
You can sell and move so it would probably be better to wait until you move and to then take out a mortgage just in your name.[it won't be easy with an IVA on your record]
Have you chatted through your changes with Insolvency Practitioner ?
Regards

[Shining]

Hi Lisa sorry to hear of the split, as Andy says probably best to contact your IP to get some case specific advice. I'm sure you'll work something out and I hope it goes well for you x

[MelanieGiles]

Is there any equity in the property Lisaban?

[lisaban]

thanks for all the responses. there is about £14k equity in property and we owe £111k.

I will be contacting my IP to discuss in more detail, was just visiting forum late last night and thought I'd post my intial question.

thanks again x

[Shining]

Keep posting Lisa all questions help other posters when they're looking in. Hope it goes ok for you x

[MelanieGiles]

The equity ought to cover the costs of sale and leave a small amount for you to use to relocate into rented accomodatiom, so I cannot see your IP having a problem with the intended sale.