www.iva.co.uk

I am nearing my fourth year in IVA. In two years my husband will retire, our mortgage will be finished in two years just before the six year mark of IVA. I still work (age 62) and will not get my state pension until I am 66. What are the chances of getting equity after IVA complete to fund our retirement?

Thanks in advance for any comments

Have you got a 12 month extension in lieu of equity or is the 6 years including that.

If so, then when you get your completion letter you can do what you wish with your house.

It is likely that your IVA will run another two years as there must be equity in the property. Once the IVA has completed your credit file should have cleared up and you may be able to raise equity at this time. You should speak to a specialist broker such as Shaun Vickery from Select or Ryan who post here and they could advise better especially nearer the time.

Hi intoodeep. I think I would need you to answer Kallis3 question and also give me a brief idea of your outstanding mortgage and the value of your house before I could give you any solid indication. Perhaps you can let us know?

Thanks for responses, Shaun I would be willing to contact you privately to discuss value etc at some point, thanks. IVA was extended to 6 years for equity.

If you click on his name you will get his email address and I am sure he could advise you properly.

Hi Intoodeep I'll look forward to receiving the information from you.