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Lump sum IVA
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If you sell your property, won't the secured automatically be settled in full?Mum2Boys_2 said:I was considering selling my property and doing this
Even if somehow this would work, you won't be able to get a new mortgage with an IVA on your credit record for 6 years.0 -
If I sell my property then yes that will clear the secured, the lump sum IVA would include my secured and my unsecured debts.My mortgage company won’t revoke my mortgage but I won’t be able to switch, which I can’t do anyway as I don’t have affordability on paper.... the only reason I was able to keep my mortgage was that I could prove I made the payments independently for over a year.0
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