Hi 0193
I assume you mean "whilst in an IVA"? If so, the answer is yes, for two reasons:-
1 To raise a lump sum to offer to creditors - either if this is specifially required under the terms of the IVA, or to offer an early settlement.
or
2 To benefit from a reduced interest rate and therefore reduced mortgage payments.
As you are in an IVA, you will not get a "high street" interest rate, so expect to pay between 1/2 and 1% higher.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk
