If you aren't able to re-mortgage to purchase the remaining share you would instead start paying the 'rent' on the share that you don't own. Your IP should also be aware of this if will still be in your IVA at that time.
IVA Mortgage Expert
Zebra Money Centre
Thanks Ryan. Apparently there is no guarantee that the loan company will except that and let us pay back monthly. But we cannot claim the unable to pay until closer to the day. They may demand we sell. I haven't been worried since taking on the IVA as felt I was really getting is out of a mess but this has really added to the stress. Ideally we just want to start paying it back monthly until the IVA is clear next year