I think its in year 5.

I'm not sure of the current value at the moment, we need to get it revalued. We owe £111,000 on our mortgage. I'm sure there will be some equity in this, if there is - do I just pay half?

Thank you for your advice. We'll see what they come back with, hopefully it will be ok. I work for a local authority and am with the credit union. I could get the funds from there. It would probably work out cheaper!

Sorry for the duplicate post! We'll wait and see what they come back with. Thank you.

My husband has been in an IVA for 2 years now and we have asked for it to be reduced. We had to submit our income and expenditure and obviously my husbands earnings etc. We are really struggling paying the "large" amount of money to the IVA. We are getting into arrears with our other bills to make s...

My husband has been in his IVA for 2 years. We have asked for this to be reduced, but my husband isnt earning as much as he used to. We are behind with payments on other bills just to make sure we have enough money for the IVA. The main creditor is the Tax/Vat office and i'm not sure they'll accept ...

Should you only enter an IVA with personal debt or business debt? Someone has told me that you shouldnt have an IVA if you owe the tax office money.

With regard to my previous question, should the Practitioner arrange to change my mortgage to an interest only mortgage once we are in an IVA?