Could I pay off 6th year with a lump sum?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1

richard397

User avatar
Posts: 1
Joined: Wed Jun 05, 2019 1:55 pm

Post by richard397 » Wed Jun 05, 2019 1:55 pm
hi, as of December this year i will start my 6th year in my IVA as turned down for remortgage.
my question is come December can i offer 12 X £190...£2280 ... a 'GIFT' from a parent and pay off IVA early or as its the extra year have to pay it over the 12 months

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Jun 05, 2019 2:55 pm
You can request to end early in the 'extension year' just as at any other time. Same rules apply in all respects.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Lisa Thomas

User avatar
Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Thu Jun 06, 2019 8:23 am
Yes you can put forward a variation offer as explained in my short video here:

https://youtu.be/h4dozq9aGak
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”