Posted: Sat Nov 29, 2014 10:14 am
Hi, We have completed a FFS on our IVA last year.We had included the negative equity from several buy to let properties. At the time two lenders on one BTL had advised they wish to rely on their security and do not wish to claim in our IVA. We carried on paying this mortgage after the IVA completed but with no rent coming in it is impossible to keep doing this.Where do we stand getting rid of this property and handing it back to the lender and let them rely on their security!!!! Is there any way they can come after us for any debt/shortfall etc or can we argue that they would not allow us to put it into the IVA? Thanks in advance for all your advice.