Good morning I am in the process of sorting out my last year in IVA as well as getting a property value I need to get current mortgage statement. What figure do IVA company use to calculate equity. Outstanding balance or settlement figures. Thanks
They will use your outstanding balance and also valuation from an estate agent.
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
If there are early redemption penalties to the mortgage these should be taken into account when calculating equity although they would not show on the balance.