www.iva.co.uk

Good afternoon
I have received today my re mortgage paper work from GT.
I have obtained my valuation @ £120,400.
The outstanding balance on my mortgage is £123,940.25
So negative equity.
My t & cs states something about 85% loan to value will this apply as there is negative equity.
Many thanks

Your IVA should close down at the end of the five years without any problem at all. I am sure GT will confirm this so you should be debt free early in the New Year.

Just had another valuation @ £130,400.. The property is joined owned 50/50 and my partner is not in the iva..will the house still excluded as my equity share is less then £5000?

They should only use your share of the equity in any calculations.