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Posted: Fri Jul 25, 2014 11:12 pm
by Ali.c
hi i want to sale my house and buy another but i'm worried that the iva company will want the full amount paid off before i can buy another property is this correct
Posted: Sat Jul 26, 2014 12:19 am
by Michael Peoples
It will be very difficult to get another mortgage but if you can find one you can transfer the restriction and equity release to the new property. Speak to your IP.
Posted: Sat Jul 26, 2014 9:38 am
by Adam Davies
Hi
I think as Michael states you will find it very hard to find a new mortgage if you are in an IVA
May be better to wait until your IVA is concluded
Regards
Posted: Sun Jul 27, 2014 7:59 pm
by MelanieGiles
Your IP will need to understand the need for the sale and purchase, and be assured that creditors will not be prejudiced by this. Why do you want to sell your current property, Ali?