We have to move down south and need to sell our house. It has been valued at £150,000, we owe the mortgage £149,00. We will be renting down south.
We are in an IVA and not sure what to do? either give the keys back to the building soictey, go bankrupt as there's no equity, can someone give me some advise,
Could you maybe let your house out? and rent yourself and maybe switch to an interest only product??to keep your payements down? hope ya get some better help on here Gregg.
Have a word with your ip as you won't be able to sell without their permission anyway. They might allow you a payment break while you sort things out.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
