RX1 and an IVA

[tgm1974]

Ive had to go into an IVA recently due to some past debts. I remember signing a form, think it was called an RX1, which stated that if I sold my house and made a substancial lump sum in equity then I would pay the full debt I owed not half as agreed under the IVA terms. I think its just so you dont pay your minimum debt via an IVA then sell your house and "get off" with a load of cash (if the house prices allowed).

Anyone I want to remortgage in my partners name only - long story yet this RX1 thing has flagged up which I completely forgot about ... does anyone know how long it stays on your Land Registry record?

[Buenchico]

The restriction, which was registered using the RX1 form, remains in place until the end of your IVA. It can then be lifted by the submission of an RX4.

If you want to read the exact wording of the restriction, you (or, indeed, anyone else) can do so by downloading a copy of the title register of the property. It costs £4:
http://www.landregist...ortal/Property_Search

Chris