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Posted: Tue Apr 21, 2015 5:55 am
by Raj.21
I'm 4 yrs into my I've & I'm sure I didn't sign no rx1 so there's no restriction on my house if I wanted to sell?
Posted: Tue Apr 21, 2015 7:48 am
by Foggy
There may be no RX1 on the title deeds, but if you do sell and don't involve your IP your IVA could be failed as the house will be an asset subject to the IVA.
Posted: Tue Apr 21, 2015 9:37 am
by Lisa Thomas
Hi Raj - Foggy is right - not all IPs ask for an RX1 as the IVA will fail if you don't stick to the conditions. If you want to sell however, you could speak to your IP about it and possibly chuck some extra money from the proceeds into the IVA in final settlement. Of course this depends on your circumstances, how much equity there is, what other assets you are putting into the IVA etc.
Posted: Tue Apr 21, 2015 6:31 pm
by mole
As long as you have not sold your house, there should not be any issue.