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steven mills
Posts: 13 Joined: Sun Oct 12, 2014 12:55 pm
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my variation meeting was 6 month ago,due to a windfall i payed early after 2 year,with 7,500 interest(est),got a phone call to say all creditors accepted,my question is i am selling my house can they stop me or take my equity off me?
Foggy
Posts: 33395 Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
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They could do if the sale completes before you get the certificate of completion, as, until that time, you are still bound by the IVA.
Depending upon the wording of the offer they accepted and Full and Final is rarely either.
There will also be an RX1 restriction on the property which is only usually lifted when the certificate is issued.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
seagulls
Posts: 318 Joined: Thu Jun 07, 2012 8:28 pm
Location: United Kingdom
I would wait for the CC before you sell your house !
Shining
Posts: 27019 Joined: Thu Sep 20, 2007 8:57 am
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I would agree to wait for your Completion Certificate before proceeding with the house sale to avoid any complications.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Michael Peoples
Industry Expert
Posts: 15189 Joined: Mon Nov 03, 2008 12:36 pm
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It sounds like you repaid the debts in full plus interest so you can go ahead and sell. There must be no debt left.
steven mills
Posts: 13 Joined: Sun Oct 12, 2014 12:55 pm
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hi guys thanks for info,update"phoned dfd today to explain and they were very helpful.he said the restriction should have been lifted last year when my solicitor wrote to them,he also said go ahead and sell i owe zero pounds,and even offered to talk to solicitor if any problems arise,
Foggy
Posts: 33395 Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
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Excellent Steven. Do, however, try to get that in writing.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014