Hi, would it be a problem with IVA company to take my name off the mortgage ?

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Robdc88

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Post by Robdc88 » Wed Aug 10, 2016 8:27 pm
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Hi , I'm in an IVA , and would like my name off the mortgage , which I share with my (as yet) wife ! I'm happy to hand it over to her ! Would this be a problem with the IVA company ?
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Foggy

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Post by Foggy » Wed Aug 10, 2016 8:31 pm
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Yes --- the creditors will be expecting a share of equity in the property, or, more likely an extension of your IVA instead.
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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Lisa Thomas

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Post by Lisa Thomas » Thu Aug 11, 2016 12:19 pm
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Yes you will effectively be giving away your asset for free.

The mortgage Company may also not be prepared for her to take the mortgage on in her sole name either.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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