Search found 4 matches

Search found 4 matches Page 1 of 1
by jame$bear
Fri Jan 11, 2019 12:14 am
Forum: Ask IVA Forum and Industry experts
Topic: Selling Property - Is our 15% equity always safe?
Replies: 4
Views: 1651
Thanks Foggy. That might be a good way to word it, rather than me start suggesting calculations myself. That way, if it comes back against me I can argue the case and haven't planted any seeds in minds!
by jame$bear
Thu Jan 10, 2019 6:39 pm
Forum: Ask IVA Forum and Industry experts
Topic: Selling Property - Is our 15% equity always safe?
Replies: 4
Views: 1651
Tell me about it. It's amazing how a large-ish but relatively manageable amount to repay to HMRC over 2 years spiralled into a huge IVA sum instead, after they wouldn't allow time to pay but such is life! My wife has entered an IVA too (interlocking or whatever it's called) as we are both 50% shareh...
by jame$bear
Thu Jan 10, 2019 5:51 pm
Forum: Ask IVA Forum and Industry experts
Topic: Selling Property - Is our 15% equity always safe?
Replies: 4
Views: 1651
Hello, I'm 7 months into my IVA. Main creditor is HMRC and they added an 85% property equity clause in at month 36. Our house is worth about 340k, 248k mortgage (which would be around 220k by month 36). I'm beginning to thinking I'm on a hiding to nothing, paying the mortgage with not a lot of hope ...
by jame$bear
Fri Jun 15, 2018 10:33 pm
Forum: equity release
Topic: Equity Clause from HMRC
Replies: 11
Views: 39448
Hi davejack. How are you getting on, a couple of months later? I've just entered into an IVA, HMRC is my main creditor too. My mod was 85% equity release in month 36. The IVA comp I used said that they had a few cases where HMRC had said "funds to the value of the equity" (i.e. 100%). I wa...
Search found 4 matches Page 1 of 1