My 4th year clause states that during the 4th year of my VA, I am to obtain 2 offers of remortgage and which ever is the greater,I am pay in 100% of the "debtors share of any equity therin". Now then, I obviously want to get out of the VA asap. However, my wife is not listed within the VA and surely should not be required in order to obtain offers of remortgage. I will not get offers alone, of remortgage, adequate enough to raise equity. Will this mean that the VA is extended for a further 12 months.
It will really depend upon the terms of your own IVA Richard. Put a call in to your IP to see what they advise. Getting a mortgage whilst in an IVA is nigh impossible these days, unless you are looking for a very low loan to value ratio.