On iva. mortgage intrest only at present girlfriend wants to move to repayment mortgage it's a joint mortgage payments will go up will it be considered in my iva
mccandrew67 wrote:On iva. mortgage intrest only at present girlfriend wants to move to repayment mortgage it's a joint mortgage payments will go up will it be considered in my iva
Probably not --- had you already been on repayment the creditors might have asked you to change to interest only anyway. Also a repayment mortgage would increase your equity over the term of the IVA, which would make equity release more problematical (possibly) come the time that clause is triggered.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
