Will an IVA go on my mortgage ?

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Clairedw82

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Post by Clairedw82 » Thu Oct 20, 2016 12:23 am
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I have a mortgage and i need to take out an iva will this go on my mortgage
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plasticdaft

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Post by plasticdaft » Thu Oct 20, 2016 5:44 am
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No. An iva is not borrowing. It is a debt recovery tool. Have you spoken to anyone professionally about your situation.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Foggy

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Post by Foggy » Thu Oct 20, 2016 8:00 am
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Your mortgage and IVA will not be connected -- I would suggest a chat with a couple of firms to compare advice, they do operate differently, especially when it comes to dealing with equity.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Michael Peoples

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Post by Michael Peoples » Thu Oct 20, 2016 9:17 am
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You may be asked to try and release equity as part of any IVA so make sure you get properly advised if you decide to investigate an IVA.
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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kallis3

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Post by kallis3 » Thu Oct 20, 2016 10:02 am
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Hi,

Just to say that your mortgage company will be informed of the IVA and a restriction will be put onto the house so it cannot be sold without the consent of the IP.

Speak to a couple of companies as suggested. Vincent Bond (details under ask experts a question link on the left hand side of the page) can be contacted for some free advice.
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
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