Hi hidhi and welcome to the forum
If I understand your post correctly, you are in an IVA which requires you to pay 100p in the £ plus interest? Was this because you had substantial equity in your property at the start of the IVA?
From the numbers you have provided, and assuming that you willingly entered into an IVA on this basis, I do not feel that the amount you still need to repay is excessive.
If you could post a little more, things may be a bit clearer for us and we can advise further.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk