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Steve.26
- Posts: 14
- Joined: Wed Oct 23, 2013 12:18 pm
My IVA successfully completed in May this year. During the IVA Mortgage Express repossessed all but one of their portfolio of 7 individual mortgages and the resulting shortfall was included as a new creditor. They are now laying claim to the equity in the final property saying there is a 'consolidation clause' in portfolio mortgages which allows this.
My view is that the shortfall debt was extinguished in May and that whilst they may have such a consolidation right they no longer have a debt?
Anyone have any comments