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Posted: Tue Jun 03, 2008 10:25 pm
by nic_1
Hi i have recently completed a full and final payment IVA in May. This was done by releasing equity on my property. I am now considering moving house and would have approx 15k to use as deposit on next property would i be able to do this or am i tied into my IVA for a period of time?
Posted: Tue Jun 03, 2008 11:28 pm
by kallis3
If you have completed a full and final, then your IVA should now be completed and a certificate of completion on its way to you.
Posted: Wed Jun 04, 2008 6:36 am
by nic_1
Hi I have received that thanks but was just wondering if i would have to declare anything to IVA company things like moving house incase they wanted extra money within a cerrtain time frame.
Posted: Wed Jun 04, 2008 8:31 am
by plasticdaft
No extra chasing you for money after a full and final has been agreed and paid. If you win the lottery tonight its all yours!!(minus my cut)
Posted: Wed Jun 04, 2008 8:59 am
by ianmillington
Once you have received your completion certificate (or whatever else it is called as different IPs call it different things) then you have no further obligations under the arrangement as they have come to an end.
So don't worry about it but remember that even though you have done the early F&F your credit rating will still show the IVA until 6 years have passed from its approval.
Ian