📨 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!

Paying off IVA

Options
LisaMC74
LisaMC74 Posts: 1 Newbie
edited 21 March at 1:16PM in Debt-free wannabe
My father recently passed away and I will inherit around 100k from the sale of his house.
I am planning to pay off my IVA, this should be by October time. When would I be able to apply for shared ownership as my IVA is a 5 year plan. I'm 2 years in.

Comments

  • JadedAngel88
    JadedAngel88 Posts: 253 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    LisaMC74 said:
    My father recently passed away and I will inherit around 100k from the sale of his house.
    I am planning to pay off my IVA, this should be by October time. When would I be able to apply for shared ownership as my IVA is a 5 year plan. I'm 2 years in.

    I would suggest you Google 'windfall clause iva'.

    Also depends on what is within your IVA agreement but potentially all of your inheritance could go to your IVA provider.
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
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K 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.