We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

IVA & Mortgage payment holidays

ld54336
ld54336 Posts: 31 Forumite
in IVA & DRO
Hello

We were told at one stage of the IVA proceedure that we could ask NR for a payment holiday on the mortgage if there was a sudden unexpected cost.
Has anyone else done this- are NR likely to agree? & will they inform the IVA company?

Thanks

Comments

  • SartyMarkll
    SartyMarkll Posts: 7 Forumite
    dont know about mortgage holidays but in my IVA i can take a payment break with the IP approval for unexpected expenses which I had to justify to the IP. Depends why you need the payment break it should say in your paperwork about it.

    Would be better payment break in the IVA rather than the mortgage as it would put you in arrears and then risk losing the house???
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.8K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.4K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 260.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture