IVA was due to end Nov 1st but received letter end of September that I have equity available. Wouldn't tell me how much unless able to get a remortgage. Unable to remortgage & have to pay a further 12 payments. I currently pay £152 mthly and was wondering if I am able to pay this up now or would I have to pay more than the amount of £152 x12? My mum is offering to help me out and to be honest I just want the IVA to end. I will have made 5 years of IVA payments on Nov 1st with no breaks and it's been a struggle.
If you are happy that you have more than £5k equity in the property then, yes, you could pay it in a lump sum as a full and final offer --- creditors could still refuse, though I see no reason why they should (but, like the weather, they are changeable and unpredictable! ).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk