www.iva.co.uk

I am moving house later this year and my rent will be going up by £75 per month. Will this be deducted from my monthly payments to the IVA (as i already pay rent. I have already done this years annual review and just waiting for approval. This is my last year of my IVA

shazza

Hi shazza

You will need to discuss the implications of your rent increase with your IP directly, as it may be that your IVA has to be varied to accomodate the new payment. Is there any particular reason why your new rental is a lot higher, and is there any way you could reduce the cost just until the IVA has concluded?

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

I would be moving from a one bedroom flat to a one bedroom house with a garden, and I have been in my flat for about 6 years and luckily my rent has never been increased.
I don't think I can get the rent decreased, but I will have a go!

shazza