kallis3, I believe the IVA will carry on for a further 12 months if there is no equity to be released. Azure, the standard equity release clauses state that if the available equity share is under £5,000 then the property will be disregarded and equity release requirements will be voided --- therefo...

Fri Nov 08, 2019 10:46 amkallis3 wrote:

If there is less than 5k equity your IVA should finish after five years.

kallis3, I believe the IVA will carry on for a further 12 months if there is no equity to be released.

kallis3, I believe the IVA will carry on for a further 12 months if there is no equity to be released.

Very unlikely you will be able to secure a remortgage during the IVA. New IVA protocols have a 12 month extension or a secured loan from a 3rd party of your IVA company to cover this shortfall in equity. To be honest it's poor advice advising it's 'very unlikely' to secure a mortgage whilst in an I...

Very unlikely you will be able to secure a remortgage during the IVA. New IVA protocols have a 12 month extension or a secured loan from a 3rd party of your IVA company to cover this shortfall in equity. To be honest it's poor advice advising it's 'very unlikely' to secure a mortgage whilst in an I...