thanks for the prompt reply, my iva started in july 2006, my total debt all unsecured was £132,000, total to be repaid is £62,000, including an equity release in year 4 to 5 0f £31,000, 75% of equity at that time, i have been with my lender, barclays/woolwich for a long tiome and i have a base rate lifetime tracker linked to my current account of base rate plus 3/4, i dont think any other lender is likely to offer me anything like that, there is an affordability clause in the iva (payplan) but who determines what is fair, as i would have to swap my whople mortgage of £103,000 as well im assuming therefore paying increased increased interest charges on the whole mortgage, also if you remortgage in year 4, your mortgage payments will increase, is this increase deducted from my monthly payments for the remaining year year left on the iva, payplan very vague on the issue whenever asked, your forum is very informative, just love to have time to read all the postings!
