www.iva.co.uk

Hi is it possible/allowed to take out a secure loan out on the house to make a full and final offer, iv spoken with someone who said I should be able to borrow the amount. I currently pay £170 a month and have 22months plus and extra year, so an offer of around £4400. The only reason I ask as iv been offered a new role at work which comes with a £10,000 pay rise

There are lenders who do lend for this specific purpose ( Like Sprout ) --- but some creditors will reject a F&F sum raised this way on principle .... however, yours might well accept it. Worth a shot.

Absolutely it's possible and we regularly arrange this sort of thing for our clients. There are a few things you need to make sure are boxed off in terms of the offer, and it may need a meeting of your creditors to be arranged in order to approve it, but these are all things someone who knows what they are doing can help with.