Posted: Mon Jun 30, 2008 7:40 pm
Can you still apply for an iva if you have a mortgage on a shared ownership property and own a 50% share of the property?
Hi ben and welcome to the forum
Yes - you would be very much eligible for an IVA, providing your 50% share was relatively modest in comparison to your debts. You will find it difficult, nigh impossible, to raise money from a remortgage during the final year, but ought to now take specific advice from an insolvency practitioner with regard to this matter.