Hi,
I have 1 year left on my Iva and we are in a very lucky situation where we only have a 46% LTV so we have equity to release. We were able to get permission to move in November and have since paid in £15000.00. WE pay in £418 a month. So my question is to you is if we can offer a F&F offer. This is obviously dependant on if we can raise the equity in the property. We originally owed £40k and by my calculations we would of paid in £42k by the 5 year mark.
Hi Sara and welcome to the forum. Sorry it has taken so long for someone to get back to you.
How much has your property been valued at, and how much do you currently own on your mortgage? Also do you have the usual 85% loan to value ratio when it comes to remortgaging under the terms of your IVA proposal - and are both of you subject to IVAs?
