www.iva.co.uk

what if you are joint owner in a house where the other owner isnt actually a partner, and will the iva have any affect on their ability to get credit due to them living at same address

HI
You may well have to inform them of your IVA as your creditors will probably want to release some of your part of the equity in the final year of your IVA.lt should not affect their ability to get credit .They need to contact the credit reference agencies and ask a comment made against their credit file showing that they have no association with you [financially].
This advice will need to be verified by the more senior experts but I hope that it will give you an idea.
Good Luck

Good advice already provided.

In the event that your share of the equity in the property is to be released at any time during the IVA, your IP will require a letter of consent from your partner that they agree to either a re-mortgage or voluntary sale.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
View my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Hi Zen

This is very good advice, we are currently working with a very similar case and this is the process we are currently proceeding with.

Regards

Lee
www.123debtsolutions.co.uk