If I can prove that I have a legal right to my share of the equity then I should be able to get the relative to sign a Deed of Postponement so that the sercured loan lender has 2nd charge

I have worked out how much of the property value the relative is ""entitled to"" and what we owe the mortgage lender and therefore how much equity is "ours". I was therefore thinking of securing a loan the value of which would be equal to or less than our share of the equity and paying off the unsec...

Hi Melanie ... that was quick Errrrr no ... not exactly. Our Solicitor did not explain the conceqences at all and certain paperwork was kept from us by the relative (so they could take a copy !!!!) Like I said we only discovered the 2nd charge when our fixed rate mortgage ended after 3 yrs and we we...

Not exactly IVA but could lead to it (and could'nt find a suitable legal forum) A few years ago my partner & I puchased a house with the aid of a "loan" from a relative. A few years down the line we discovered that this relative actually had a charge on the property which was proportional to the cur...

Hi
Can anyone tell me if they have had any experience with Lloyds and Northern Rock with regard to IVAs ...... are they sympathetic towards IVAs or not

Regards
Gav