Page 1 of 1
Posted: Tue Jan 30, 2007 12:57 pm
by youlikewhatyousee
Is there any way to enter into an IVA without my mortgage lender finding out? I have a together mortgage with Northern Rock, interest only - the monthly payment is split between the mortgage and the personal loan that came with it. I also have 1 secured loan on the property.
Posted: Tue Jan 30, 2007 2:53 pm
by Oliver
As Northern Rock is an unsecured creditor as well as your mortgage provider, they will have to be included in the proposal to avoid preferential treatment
Best Regards
Oliver
Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at:
www.thomascharles.com/about_us.asp
Posted: Tue Jan 30, 2007 10:00 pm
by MelanieGiles
As your mortgage lender has no influence on the acceptance of your IVA (apart from the unsecured element), there is no legal reason for them to be made aware of the IVA - but as Ollie rightly points out this is unavoidable in your case.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
View my IVA blog at:
http://melaniegiles.blogs.iva.co.uk