Hi, I had an IVA with DFD, now Aperture. I paid my last payment in December 2018. Now Aperture are saying my IVA can’t be closed until I have released some equity in my property. I certainly don’t remember this being in my original contract. Is there a limited period between me paying last payment, and the IVA asking for Equity.
If you are a homeowner it will have been in your proposal -- it is a standard requirement. It should be done at month 54 and it is, at the ed of the day, your responsibility to see that it is done --- but Aperture should have been on the ball and prompted you. There is no time limit between getting this done and the last payment --- you are still in the IVA until it is completed formally, which will not happen until this is dealt with.
Dig out your paperwork and have a read, so you know what to expect.
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