Restrictions on Land Registry if in an iva ?

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rachel241
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by rachel241 » Fri May 26, 2017 7:37 pm
hi im in an IVA which i have just settled early just waiting for my completion certificate
i checked my Land Registry details and does not show any restrictions for the iva is this normal ? does everyone in iva have restrictions on there Land Registry if in an iva ?
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Foggy
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by Foggy » Fri May 26, 2017 7:47 pm
There should be a restriction on the title -- maybe the IP didn't lodge one -- did you sign an RX4 ?
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rachel241
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by rachel241 » Fri May 26, 2017 9:06 pm
Hi Not sure is i did sign rx4 have iva long time do not all iva agreement have restrictions on Land Registry ?
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Foggy
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by Foggy » Sat May 27, 2017 8:07 am
rachel241 wrote:
Hi Not sure is i did sign rx4 have iva long time do not all iva agreement have restrictions on Land Registry ?


Usually, yes, but not always ! Sometimes, for various reasons, the creditors might agree to write the property out of the arrangement. Or, the particular IP just didn't lodge a restriction (or Land Registry simply didn't record it! ).

When checking for the restriction -- do check Section B: Proprietorship, as it is this section that has the matters affecting disposal, not, as you would expect Section C: Charges.
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rachel241
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by rachel241 » Sat May 27, 2017 8:51 am
Hi I've uploaded you picture of the Land R and as fare as I can see there is no Restriction been added ???
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Foggy
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by Foggy » Sat May 27, 2017 9:06 am
rachel241 wrote:
Hi I've uploaded you picture of the Land R and as fare as I can see there is no Restriction been added ???



I am afraid we do not have access to uploads --- maybe Admin will see it, but not us mere mortals.
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Michael Peoples
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by Michael Peoples » Tue May 30, 2017 8:19 am
If you are awaiting the certificate it is possible the IP has already removed the restriction. It is unusual not to have one at all.
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Lisa Thomas
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by Lisa Thomas » Tue May 30, 2017 8:38 am
Not all IPs lodge a restriction so perhaps this did not happen in your case.
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