question category: IVA

Can I keep my home with an IVA?
Submitted on: 28th Oct 2008 by Non-Member | Total Answers: 1

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IVA Home

Your home is protected under the terms of an IVA as long as you keep up with the repayments.

If you have equity in your house you may be asked to re-mortgage to raise money to contribute towards your debts. If there is no equity in your house you may be asked to have the house re-valued in year four to ascertain whether there is any equity that can be released.

 

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Submitted on: 29th Oct 2008 by TA Member

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