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.
Who is onlineUsers browsing this forum: Bing [Bot] and 26 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