RX1 form. What does this mean for my ex partner who owns half of the property ?

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legs

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Post by legs » Thu Oct 18, 2012 8:16 am
my proposed iva has a clause to say if we try to sell during the life of iva land registry will be informed. also the RX1form says the restriction is for the whole of the property. as the debit is personal to me why dosent it say part of the property. What does this mean for my ex partner who owns half of property
 
 

Niobe

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Post by Niobe » Thu Oct 18, 2012 8:29 am
Hi and welcome.

It just means that the property cannot be sold without the IP's permission. If it were to be sold then your ex partner would get the full part of their equity.
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