After out IVA ends in November, can my ex wife buy me out ?

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Lee.72

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Post by Lee.72 » Tue Jul 22, 2014 4:04 pm
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I have been in an IVA with my wife which ends in November, me and my wife have separated but still pay IVA.

In November when the IVA is finished is it possible for my ex wife to buy me out and take mortgage on her own???
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Michael Peoples

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Post by Michael Peoples » Tue Jul 22, 2014 4:48 pm
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It is unlikely that she would get a mortgage in her own right soon after an IVA has completed but the existing lender may agree to take your name off if she can show the affordability in her own right.

There may also be the equity to be addressed within the IVA so you could face an extension to 6 years if you have not already done so.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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