Hello, I am in an IVA for 16 months and I'm looking to settle it early. The reason is that I'm moving from UK for a year. Is any chance to use the house equity to pay for it?
Thank you!
Regards
If you sell the house the equity will be due to the IVA anyway. You could offer to sell for the purposes of ending the IVA early --- basically saying " I will sell the house in order to be able to give you £xxx, as a full and final offer to close the IVA early. If the offer is rejected I will not sell".
Alternatively, and probably better, speak to either Ryan or Shaun, who are both whole of market brokers. I know that Shaun has access to products allowing equity to be used for an early exit, and I imagine Ryan might do as well.
Their contact details can be gleaned from their profile pages here:
