Lisa Thomas wrote:That suggests to me that the property is NOT excluded.
The way I read it is that the 12 months was added on to the IVA at the start to negate the need to include the property (which, I have to say, is an unusual move unless there are circumstances of which we are not aware).
Possibly, at the inception of the arrangement, taking into account that the mortgage was interest only and the ages of the applicants, the IP had the foresight to see that a remortgage was going to be impossible and so tacked on the 12 months instead.
Who is onlineUsers browsing this forum: kallis3 and 48 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location