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mccandrew67
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by mccandrew67 » Fri Nov 17, 2017 4:06 pm
On iva. mortgage intrest only at present girlfriend wants to move to repayment mortgage it's a joint mortgage payments will go up will it be considered in my iva
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Foggy
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by Foggy » Fri Nov 17, 2017 4:11 pm
mccandrew67 wrote:
On iva. mortgage intrest only at present girlfriend wants to move to repayment mortgage it's a joint mortgage payments will go up will it be considered in my iva



Probably not --- had you already been on repayment the creditors might have asked you to change to interest only anyway. Also a repayment mortgage would increase your equity over the term of the IVA, which would make equity release more problematical (possibly) come the time that clause is triggered.
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Ryan
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by Ryan » Fri Nov 17, 2017 4:26 pm
I would echo Foggy's thoughts on this.

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