Just wondered with the RX1 form being registered at the land registry. When your IVA has finnished would we have any problems removing it?
Would it cause any problems for us during the term of the IVA?
Would it cost us to have it removed at the end?
Would there be any future implications for us having one registerd against the property?
Many thanks
Just trying to make sure we know how things are going to pan out.
It will be removed as soon as the IVA is completed at no cost to you. There will be no implications.
All it means is that you cannot sell your house without permission from the creditors.
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
The restriction is automatically removed when the IVA is over. It has no value and would only alert the IP if you tried to sell or remortgage the property without their permission.
Many thanks for the prompt replys. Its just nice to know how things work. 5-6 years is a fairly long time so its nice to know as much as you can,
Thanks
