made the decison to sell and rent

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jim_h

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Post by jim_h » Sat Sep 01, 2007 3:29 pm
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i am currenty in an iva i have got in touch with them as i was finding it had to pay what with my mortage payments being so high i informed them by letter and phone still got no answer was only days from my home being repossed made the decison to sell and rent back got nothing out of the sell but am paying rent of 650 pounds as the mortage payments were to high i told them what i intended to do will be able to make the payments after selling but was still wating donot know if i will get into trouble for this but they still havenot replied
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MelanieGiles

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Post by MelanieGiles » Sat Sep 01, 2007 3:32 pm
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Hi Jim

If I can understand your post, you have sold your property but are continuing to live in it as a tenant. Does your IVA provide for a remortgage and equity release during the fourth year?

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
Regards, Melanie Giles, Insolvency Practitioner
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Adam Davies

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Post by Adam Davies » Sat Sep 01, 2007 6:18 pm
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Hi
If you did have the fourth year equity clause then you must contact your IP as this will have an impact on your IVA.
It,s poor service that they have not replied to you,how long were you waiting for a reply.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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