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by stevebullet10
Fri Sep 26, 2008 9:34 pm
Forum: BTL property
Topic: If you default on a BTL property ?
Replies: 3
Views: 7698

I had a brief conversation, but was advised that as I have BTL's, an IVA would not be available to me. Is this not correct? I need to do something, quick, as I am struggling and sinking fast, with a young family to support this is really getting to breaking point. Any advice would be great. Thanks i...
by stevebullet10
Fri Sep 26, 2008 8:37 pm
Forum: BTL property
Topic: If you default on a BTL property ?
Replies: 3
Views: 7698

If you default on a BTL property, to the extent that is it reposessed, I assume that it is only the BTL property considered, i.e. no other assets (main residence) can be considered as equity in this scenario? I currently am in the process of trying to agree an IVA / Debt Management plan, and have se...
by stevebullet10
Tue Sep 23, 2008 10:40 pm
Forum: Ask IVA Forum and Industry experts
Topic: What would be the best way forward for me?
Replies: 1
Views: 888

I have several BTL properties. On 5 of them the rent shortfalls mortgages by almost £900. I am looking to sell them to pay off additional debt (circa £90k) but finding it difficult in the present climate. I also have another 2 BTL's, but these are rented out to family members, with 15% on each prote...
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