do i include the mortgage debt

[markr]

when you take out an iva do i pay my mortgage as normal and they sort out the other debts.when you ask how much debts we owe do i have to include the mortgage debt aswell or just credit cards and loans

[aguise]

Hi mark you pay the mortgage as normal it is allowed for in your expenditure. The iva covers unsecured debts.

Ang

[finebridge]

Mi Markr,

As Ang has stated you cannot include any secured debt or HP.

Kind Regards

Nicola

Finebridge Ltd
22 Laud Street, Croydon, CR0 1SU
0800 180 4212
www.finebridge.co.uk

[Oliver]

Your mortgage will need to continue to be paid as this debt will be secured against your home. All unecured debt can be included in your IVA proposal.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[MelanieGiles]

The reason for continuing to pay the mortgage is that, as a secured creditor, a mortgage company has the right to seek possession proceedings against the property if you miss three or more payments. As this will affect your home, you must budget for these payments to be made on time.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk