With the new government mortgage rescue scheme in place, the scheme asks for any equity from the house to allow you to live it for how long you wish. If you have an IVA would this prevent mortgage rescue from working?
Good questions Hara - I have no idea of the answer!
Hopefully one of the experts will be along with an answer.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I believe it will still allow for the mortgage rescue to work but I have not seen the fine print yet.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
