I have a iva still 3 and half years to go but my house value has gone up my outstanding iva amount is around 27,000. If I sell the house after paying back mortgage I get 40,000 left over can I give an offer? or they will take the full amount?
You need to make the offer and get acceptance before you do anything otherwise you run the risk of them taking the full amount.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Bear in mind that you will have a restriction on selling your property.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi Mini - Do you need to sell the house? Depending on the figures involved you are probably best advised to either do a variaiton first getting agreement to use some proceeds from the house to pay a F&F settlement or keep the IVA going so you can keep your equity.
Don't forget your house price could go down over the next 3 years...