www.iva.co.uk

Hi, I am currently about half way through my IVA and possibly will be looking to move in with my partner. She owns her own house and has around £70k equity. All the bills are in her name along with mortgage and this would not change.

How can I ensure that her income and equity is not taken into account, as she would be loosing tax credits when I move in, so would need to ensure that she wouldn't lose anymore.

Other option is not moving in for 2 & half years until IVA complete.

Thanks

Simon

Hi Simon

Your partners income is only used to make sure that you are paying your fair share for living at the property and that your disposible income has not changed.Your partners equity is 100% safe
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Thanks, makes us feel a lot better to know that.

I assume i'm ok contributing to the bills, as long as not the mortgage then?

Simon

If it feels right to move in with your partner, then don't put your life on hold for the sake of the IVA. You might not get the chance in 2 1/2 years!

You can make a contribution to the bills and pay rent to your partner, but try and make sure that this does not jeopardise the ability to continue your contractual repayments.

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

Hi Simon,

I agree with Melanie, don't put your life on hold for another 2.5 years. Speak to your I.P, discuss changes to the income and expenditure and keep them in the loop.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/

Hi Simon,

It is always good practice to speak to your IP whenever there is going to be a major change in your circumstances.

Regards
Phil



Philip Hunt
Senior Debt Consultant
www.thomascharles.com
www.stop-debt.co.uk

View my client feedback
http://www.thomascharles.com/about_us_philip_hunt.asp