Restrictions on Land Registry if in an iva ?

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rachel241

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Post by rachel241 » Fri May 26, 2017 7:37 pm
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hi im in an IVA which i have just settled early just waiting for my completion certificate
i checked my Land Registry details and does not show any restrictions for the iva is this normal ? does everyone in iva have restrictions on there Land Registry if in an iva ?
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Foggy

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Post by Foggy » Fri May 26, 2017 7:47 pm
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There should be a restriction on the title -- maybe the IP didn't lodge one -- did you sign an RX4 ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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rachel241

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Post by rachel241 » Fri May 26, 2017 9:06 pm
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Hi Not sure is i did sign rx4 have iva long time do not all iva agreement have restrictions on Land Registry ?
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Foggy

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Post by Foggy » Sat May 27, 2017 8:07 am
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rachel241 wrote:
Hi Not sure is i did sign rx4 have iva long time do not all iva agreement have restrictions on Land Registry ?
Usually, yes, but not always ! Sometimes, for various reasons, the creditors might agree to write the property out of the arrangement. Or, the particular IP just didn't lodge a restriction (or Land Registry simply didn't record it! ).

When checking for the restriction -- do check Section B: Proprietorship, as it is this section that has the matters affecting disposal, not, as you would expect Section C: Charges.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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rachel241

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Post by rachel241 » Sat May 27, 2017 8:51 am
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Hi I've uploaded you picture of the Land R and as fare as I can see there is no Restriction been added ???
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Foggy

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Post by Foggy » Sat May 27, 2017 9:06 am
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rachel241 wrote:
Hi I've uploaded you picture of the Land R and as fare as I can see there is no Restriction been added ???

I am afraid we do not have access to uploads --- maybe Admin will see it, but not us mere mortals.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Michael Peoples

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Post by Michael Peoples » Tue May 30, 2017 8:19 am
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If you are awaiting the certificate it is possible the IP has already removed the restriction. It is unusual not to have one at all.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Lisa Thomas

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Post by Lisa Thomas » Tue May 30, 2017 8:38 am
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Not all IPs lodge a restriction so perhaps this did not happen in your case.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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