Moving House in IVA

[IVAHo]

Im currently living with parents and paying £200 rent per month, but my boyfriend is looking to get a mortgage in HIS NAME ONLY and me move in with him and pay rent towards cost of mortgage. It will probably be about £250 i will need to pay and i guess you would class it as rent.

Although i know my IP will probably agree the increase in rent (i hope), does anyone know of any inplications it might have as it will now be a partner ill be living with? I dont want any equity being questioned and expected to go into my IVA when it wont actually be my property.

[Skippy]

I live with my partner (the mortgage is in his name) and I pay him £200 per month 'rent' and when I was in an IVA my IP had no problems with that.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[MelanieGiles]

Treat yourself as a lodger, and get your boyfriend to provide you with a proper rental agreement and rent book to record the monies you pay. Also work out the basis for sharing bills, and provide your IP with details.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[IVAHo]

Thats just what i wanted to hear. Thank you for the taking the time to reply!!!