If you just up and sell they will want the balance of your full original debt and fees, plus possible statutory interest. Which could be a large chunk of your equity.
Alternatively, you could OFFER to sell, for the purposes of a full and final offer (which is based on the number of months remaining - plus 12 for equity release -- multiplied by the current monthly payment). Depending on the figures this coud be a smaler chunk of equity. In this case stipulate that if they reject the offer there will be no sale and the IVA will continue as currently agreed.
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