Do I have to remortgage?

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


User avatar
Posts: 1
Joined: Tue Sep 25, 2018 9:57 pm

Post by manasse » Tue Sep 25, 2018 9:57 pm

Can the iva company force me to remortgage? and if I refused, would it be regarded as a breach? as it is a clause on my IVa


User avatar
Forum Expert
Posts: 28587
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Sep 26, 2018 6:41 am
You do have to try ---it is highly likely that you will be unable to be accepted. Refusal to try can be regarded as a breach.past a few IP's have been aware of the futility of trying and accepted the extesion as inevitable, thus allowing only lipsrvice eaid to the atempt to remortgage. However, the moremarket is ever changing, as I say, although highly unlikely that you will get a remortgage, it has been done.
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: 7351
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Wed Sep 26, 2018 8:50 am
Yes your terms probably state you need to attempt and it is highly unlikely that you will be able to.

Ask your IP what evidence they require to satisfy themselves it is not possible for you to remortgage.

Watch my video here for the standard options - probably a 12 month extension for you, depending on your level of equitable interest:
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: ... Z5k9ZcC2MA 01752 786800
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”