Hey Folks, Just thought I would make you aware of this one, which has totally changed my IVA. I am in the last six months of my IVA and I was expected to remortgage after the fourth year to release funds, and obviously wasn't able to due to recession, etc. I contacted my IVA bloke yesterday to enqui...

Can you tell me the name of the company please?

It was valued last week at £145,000 and there is £65,000 remaining on the mortgage. It takes £660 in rent per month which more than covers any mortgage. My IVA company are less than helpful in pointing me in the right direction

Melanie, it would actually be of help, as I have got 40%LTV on my house, if you could pass on the details I would be very grateful!

Are there any companies at all who are lending to those of us with IVA at the moment?

I am desperate to get a remortgage as there is 50% equity on my property at the moment, and I really want to conlude my IVA. My fifth year is about to start.

Tricky one now. My own property which is still in Scotland and I have been renting it out for the past five years. I stay in London at the moment and my accomodation is covered by my work. As part of the IVA I obviously have to try for equity release/remortgage after 4 years. There may be a chance o...

Don't know if this is possible, but here goes anyway. I am originally from Scotland and moved to London around four years ago. I went into an IVA a year afterwards and have now completed three of my five years of it. I am now at a stage in which I want to move back to Scotland. How will this affect ...

I agree, there are a few more things which have come to light lately which have raised my eyebrows. I think my IP was in hurry/panic to get things through, but I shouldn't complain as it was for my benefit at the end of the day.

Makes sense now, thanks for your help.

To be honest, I don't think it was explained fully to me. Not really sure what to expect after the fourth year.

There isn't anything in the agreement which mentions how much they will be able to take from remortgaging. Will this be split amongst the other creditors and how much should I expect them to be looking for (% of original debt on top of 35p in the pound which I am currently paying back). Thanks again.

Sorry, forgot to mention that I had the together option with my mortgage (northern rock), so the loan from that is part of my iva.
Don't have the wording of the clause to hand at the moment.

This was a clause added by the mortgage provider (all other creditors were happy to go along with the proposal before this), but my IP advised that I may not be able to do this when the time comes as my financial circumstances may not allow it.

Oh well, four more years of gloom it is then.

Only a year has passed since I entered my IVA, but the price of my property has risen considerably and I feel if I remortgage it I may be able to pay off the IVA early. There was no equity on the property when I first entered the agreement. The only thing that concerns me is that the Mortgage Provid...