Telling IVA Company About Mortgage

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holly14

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Post by holly14 » Sat Jun 28, 2008 6:24 pm
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If there is a clause in IVA contract stating no credit and the IVA company tells you that mortgages are viewed as credit but a mortgage is obtained and a house bought, what can the IVA company do?
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maximusdebt

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Post by maximusdebt » Sat Jun 28, 2008 6:42 pm
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it could be a breach and the iva could be void were have you got the funds from for the purchase and deposit?
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holly14

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Post by holly14 » Sat Jun 28, 2008 6:46 pm
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Parents and boyfriend are paying deposit. Mortgage been ok'd by mortgage company.
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indebtforever

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Post by indebtforever » Sat Jun 28, 2008 6:54 pm
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you really need advice from your ip as if your are going to live in the house with your boyfriend his income will need to come in to the iva equation now and how will the new home change your income and expenditure as it is now?i am no expert one will be here soon to give advice
Last edited by indebtforever on Sat Jun 28, 2008 6:56 pm, edited 1 time in total.
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holly14

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Post by holly14 » Sat Jun 28, 2008 6:56 pm
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Expenses will be pretty much identical to now so IVA payments should be unchanged. Have tried contacting Clearstart all week and my ip will not return my calls and i cannot get transferred to him or any other IP.
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Soulgrowth

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Post by Soulgrowth » Sat Jun 28, 2008 8:49 pm
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Holly ... just wanted to say well done, as you seem to be making some realy positive steps forward for the future.

Is it a joint mortgage ... presuming that you were renting before will your expenditure be similar with having the mortgage.

One of the problems with an IVA is that you really have to think about making life changing decisions.

Debbie
Debbie
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plasticdaft

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Post by plasticdaft » Sat Jun 28, 2008 10:37 pm
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I assume that you were sharing a place before and your boyfriends income was taken into account when working out your monthly bills(ie half share of food,elect/gas etc).

Well done you for getting on with life.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Viki.W

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Post by Viki.W » Sat Jun 28, 2008 11:00 pm
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Hey Holly, have you tried www.insolvency.gov.uk "find an IP" put in his/her name and get their email address, then you can email them directly. Good luck, Viki X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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