I have just received a letter from my IVA supervisor asking me to complete the accounts for 2013/2014, my last payment is on 11th August but there was no mention of this in the letter. IVa started in sep 2009. I gone through my paperwork but could not see any mention of equity release, the only provision was a restriction placed on Land registry to prevent me from selling the House.
It would be very unusual for an equity release provision not to have been provided for in your IVA - especially as you have signed an RX1 form - so best to check this with your IP to be sure.
You will need to finalise the accounts, as the accounting period is included in your IVA, and your IP may have to check whether there is any uplift still to be paid into the IVA.
I have just spoken with my IP (mcambridge Duffy), equity release was not proposed. Also found out that I have made my last payment on 11th July! I have made it, for all those who are still struggling, hang in there,it will happen. I feel so happy,I can start to live again!!
I am delighted for you Lynn and very best for your debt free future. Sometimes we do try and exclude properties from the IVA for various reasons but we will still ask for the RX1 to be signed. This just protects creditors from you selling up and heading off to a Greek island with the cash!
