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Posted: Mon May 23, 2011 12:34 pm
by John.12
I am considering an IVA. Part of my income comes from the rental of two properties. If I entered into an IVA would they accept the rental income as part of the payment plan or would the properties have to be sold to release the small equity in them. I also have a mortgage on the property I reside in. This property is in joint names with my wife, is this also at risk?
Posted: Mon May 23, 2011 12:58 pm
by MrsKnight
Hi John I welcome to the forum
When it comes to property its is an area I am not very clued up on, but please do hang on as there are others whom will be able to answer your questions.
Please take a look at the
www.iva.com for a list of reputable firms & reviews, pick 2/3 that you like the look of & give them all a ring for some free & impartial advice to your situation.
They will be able to answer your questions & let you know of the solutions that could be suitable for you.
Posted: Mon May 23, 2011 1:12 pm
by bigtrouble
Hi John - we have a property and the rental income is accepted as part of our I&E
Posted: Mon May 23, 2011 1:19 pm
by kallis3
Hi John and welcome.
Do visit the link posted by Mrs K - the advice will be free and impartial and you can ask away on here as well.