www.iva.co.uk

Just something that's bothering me...

Our mortgage is with HSBC + a equity loan (total 162k)

We owe the HSBC group (inc First Direct) around 17k on credit cards and overdraft

Do HSBC and First Direct vote as one under the HSBC group ?

Is the fact that the mortgage is with them likely to affect their voting and if they vote yes, will the mortgage just carry on as before or could they then take us of our fixed rate claiming we were too high risk

Thanks

I was in the same position....the mortgage and card debts are seperate and they cant alter your mortgage rates...just check your overdraft isnt secured on your property (which it can be with current account/linked mortgage accounts ) !

Thanks, that's reassuring

The overdrafts aren't connected to the mortgage so that should be ok

If the debts are completely seperate from your mortgage and on an unsecured basis these are unlikely to have any effect on your IVA.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
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