Can the equity in a jointly owned property be realised ?

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Kevin.gl
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by Kevin.gl » Fri Apr 07, 2017 5:27 pm
In 5th year of a IVA, can the equity in a jointly owned property be realised ?
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Foggy
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by Foggy » Fri Apr 07, 2017 5:41 pm
In the normal course of events - yes. However, in the current climate it is unlikely and most of those in an IVA go on to get the 12 month extension as an alternative.

Of course, equity release would require the co-operation of the other owner and, if this is not forthcoming and a remortgage was possibler, the IVA could fail --- but a moot point really.
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