Posted: Mon Aug 20, 2007 12:27 pm
can i downsize my home to the same value as my present home while having an IVA
You will need to discuss the implications of this with your IP, but in principle there should not be a problem so long as this does not affect your ability to service your IVA? Is this being considered due to higher interest rates, and do you have a final year equity release provision?
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