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Posted: Mon Jan 21, 2008 7:54 pm
by ivadenuff
Hi, i currently rent a place on my own. If i were to move into my girlfriends house (which she owns with a mortgage) and pay her rent would she have to pay anything into my iva and would it affect her property or her status in any way. thanks in advance for any help [:)]
Posted: Mon Jan 21, 2008 8:05 pm
by MelanieGiles
She would not have to pay anything into your IVA, but your expenditure would be reassessed by your IP in case there were any changes - as presumably you could be saving some money by sharing a property. Any saved money would need to be given to your creditors by way of increased contributions, but this would not affect your girlfriend's property in any way.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Posted: Tue Jan 22, 2008 3:54 pm
by iva experts
Hi There,
Your girlfriend's property would not be affected or included in your IVA. However you would need to produce a household income & expenditure to your I.P as now you are sharing costs.
It's always good to keep your I.P in the loop, so why not give them a call and discuss your options.
Best Regards,
IVA Experts
http://www.iva-experts.co.uk/