Posted: Tue Oct 22, 2013 10:46 pm
Hello. Good evening. I am currently in an IVA whilst living with my parents. Their mortgage was paid off about 10 years ago. The debt I have within the IVA is unsecured. I have no financial links as regards to their house nor joint credit dealings with them. I only pay a monthly rent to them for my keep.
Yet the issue here is that my parents would like some equity release for home improvements/ personal finance to help with retirement. Now my father seems to think that because I live at the same address under an IVA , he will be blacklisted i.e. unable to obtain the equity release/ other credit etc. Would you advise and explain if this so please ?
Thankyou. p.s. the equity release is NOT also to help with my IVA.
Yet the issue here is that my parents would like some equity release for home improvements/ personal finance to help with retirement. Now my father seems to think that because I live at the same address under an IVA , he will be blacklisted i.e. unable to obtain the equity release/ other credit etc. Would you advise and explain if this so please ?
Thankyou. p.s. the equity release is NOT also to help with my IVA.