Would I be able to put my house on the market before receiving CC. I have no equity release.

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
 
 

RICKI

User avatar
Posts: 49
Joined: Mon Aug 14, 2006 8:06 pm
Location:

Post by RICKI » Tue Jan 21, 2014 7:50 am
I hope I can get some advice!
I started my iva in 2006, paid it for 6yrs and made my last payment in November 2012. The iva was originally linked with my (now ex) husband's.. We separated and divorced during the course of the iva. For the last 14months, DFD have been chasing up PPI claims with EIF.
Last week, I received a letter from DFD offering me a variationso meeting with a view to me receiving the completion certificate whilst they continue to pursue the PPI claims.
My question is - I am currently looking into putting my house on the market but would I be able to do that before I receive the completion certificate? Or - for the sake of a few extra weeks - should I wait until it's in my hand? Originally my IVA terms included equity release from my house although this was deemed impossible when my ex and I separated..
I hope this all makes sense and thankyou in advance
Erica x
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:

Post by Adam Davies » Tue Jan 21, 2014 8:28 am
Hi and welcome

I would hold fire until you have your completion certificate just to save any problems. There could still be a RXI form registered with the land registry and this will only be removed once IVA is concluded and your IP notifies insolvency register and land registry

Regards
Andam Davies
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Tue Jan 21, 2014 9:03 pm
I can see no reason why you should not sell now - but do check with your IP to be sure. If you have complied with the equity release provision contained within your IVA, and it has been deemed that there is no equity to raise, then your IP should remove the RX1 regardless of whether they have completed their own investigations and administration.
Regards, Melanie Giles, Insolvency Practitioner
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”