www.iva.co.uk

Hi
I have the 4th year equity release clause in my IVA we only have till feb 2011 (7) more payment to do,[:)]
We could not get remorgagage at the time of my 4th year clause the said that they was £10,000 equity in the house now the is £14,000 but the said that i will have to do another year i pay £175 and my husband pays £500 = £675 to the IVA my son said that he will pay £5000 to pay it of in feb with no more payments do you think this would be a good offer [?]

We cant pay anymore then £675 so if you x that by12 = £8100 so the would be losing out on £3100 what do you think please[?]

Donna[:)]

It really depends upon the terms of your specific IVA with regard to the equity release, but £5,000 seems a good offer to me.

Call your IP and put it to them to see what they say.

Thank you Melanie

we will put it forward and see how it gose.

Donna