i am currently in an iva which completes in feb 2015. I want to sell my house as i have to redeem my mortgage. I now have a lot of equity in my house due to rises in london house prices.My original debt was £20,000. How much would i have to pay back including interest to clear in full my debt? Can ...

I am just worried that my house has jumped significantly in value and am concerned at how much can be taken from the sale as my origional debt was £21000. I am offering to pay the debt off in full. I have no choice but to sell up as I have to pay back my interest only mortgage before my iva ends. An...

Thanks for your response Melanie. There were no conditions put on the iva when it was first approved but I have been told that if I have equity in my property I would be expected to pay statutory interest on top of the debt. Iwould just like to know how much this would amount toin real money terms. ...

I am in the final year of an iva but need to sell my house to pay an interest only mortgage prior to the end of my iva. My house has a lot of equity but i have paid two ppi amounts into the iva and intend to pay the origional debt of £20,000 back to the iva.As i am retired and only have a work and ...

If the initial debt in an iva is £20,000 and this is fully paid before the end of the iva surely i will only pay the interest on this debt and not more from equity in my house. Is this the case?