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Full and final offer
Posted: Tue Nov 17, 2020 9:08 pm
by disneygal
Full and final offer - my home will not have enough equity in it. If I wanted to pay it off early (hopefully my parents will be able to pay this for me), would I still have to pay the extra years worth of fees? I have 2 years left on my IVA.
Re: <t>Full and final offer</t>
Posted: Wed Nov 18, 2020 7:43 am
by Foggy
Your home would not have enough equity for what ?
If you make a full and final offer, which is accepted, the IVA ends and will not be extended to cover equity release. Ifd you do not have more than £5k equity anyway the extension will not be applied and the IVA will end as originally scheduled.