www.iva.co.uk

If interest rates were to go up a couple of percent over the next couple of years and you were in a IVA,would your IVA payment reduce or would you have to find extra?

Your IP would need to consider your circumstances at the time and decide whether it would be necessary to vary the payments downwards.

I think the big thing would be peoples mortgage payments going up with the interest rate rises,less money to go round then I would think(and I only have a little mortgage)(on a little house mind you)