I am with GT and understand that if I sell my property before the CC is issued that any equity is classed as windfall and included in the IVA. I have been told that my CC is due to be issued late October, therefore is it possible to put the house on the market and wait for the CC before exchanging contracts.
I don't see any reason why not. However, some potential buyers will get skittish if you delay, and if they get as far as searches (which they will do before Exchange) the restriction will show up and their solicitors will get jumpy too.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
How longs a piece of string ? Is is fair to keep your buyers waiting when it is unknown how long it will be before your certificate is received ... how would you feel if you were kept waiting ... buying a house is one of the most stressful times for people and I personally would wait until certificate received before selling.
Also if you require a mortgage for your next property you may find it difficult to source one whilst the iva remains on record.
This is just my opinion though !
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
