Hi Jim,
Thanks for your reply. And thanks for your advice back when I was trying to figure out my options around 2014/15, your help and solid advice back then was invaluable to me, and was much appreciated.
Unfortunately my pip advisor is no longer in business, I’m still trying to find a new contact for him so that’s why I posted on AAM. I do remember clarifying with him at the time that my home was not affected by the clawback clause. But I just wanted to have another conversation with him to be absolutely sure this was the case.
I do know however that there was no write-down of debt on my family home as it was not in arrears and my mortgage repayments we’re fully up to date.
There was a credit card debt with the same bank as my home mortgage which I presume does not have any clawback attachment either from a proposed sale of my home.
( This credit card debt was previously written off by the bank anyway in return for me agreeing to leave the bank as a current account holder and customer, but the pip included it anyway in the insolvency agreement).
I rang the bank yesterday to see if there would be any breakage fee if I did sell and pay mortgage off early and they did ask if I was going to sell the property or get another mortgage etc. and I did get the sense that they were quite interested what I was planning to do, but it could be just paranoia on my part, ( that being in debt feeling never leaves you).
My main concern is obviously any clawback claim in regard to the sale of my PPR.
Kind thanks