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i'm in a iva(nearly 2 years in paying £331 a month with freeman jones oweing arounf £26500) my question is there's been talk of a early finsh but using my home equity but because i jointy own my home will they take half of the equity or just half of my share of the equity if thats the case couldn't i have a loan to cover it? many regards

Hi Swin and welcome to the forum,

I am slightly confused by your question. They (your IVA Company) are only entitled to your portion of any equity raised in a remortgage. But if you are going for a full and final early settlement maybe you should consider all the equity in your property for the offer, if you are able to do so.


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Hello Swin,

If you are considering offering a Full & Final Settlement by re-mortgaging then it will have to be your share of the equity. Do you have a 4th yr equity clause in your agreement?

I would speak to your I.P and discuss the option of paying your IVA off early, they will be able to tell you if this is possible and what figure would be a good offer to the creditors.

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