Hi
In an IVA you would retain control of your property as long as you continue with any mortgage and secured loan payments.
It is possible that yu may have to release some equity in the final year of your IVA and pay that into the pot
Regards
You really need to take advice on this point from an insolvency practitioner, who can talk you through the process involved with an IVA and the impact it may have on your property. At the end of the day the entry into IVA proceedings is entirely at the discretion of your creditors, and depending upon the level of equity you have in your property, coupled with the amount the mortgage and any secured charges are costing, will determine how the property is to be treated.
As Andy says, it is usual for the property to remain in the ownership of the debtor, but I am seeing an alarming trend of creditors wanting properties to be sold which I have not seen before.
