Hi all,
I am on the home run (nearly) and 9 months to go, however my IVA company asked me back in November to start the ball rolling with a remortgage as their online valuation and the redemption statement they had sourced on my behalf showed I have over £5000 equity avail, was told a verbal no over the phone with my current lender would suffice so long as I signed a declaration to say this, all that's done now so my choices now are £20,000 3rd party lump sum for equity owed OR 12 further months of £332, a no brainier really but as I want to get married and move in with my partner, who has been very patient with my IVA bless him, i am holding off moving in for now as I don't think it's fair how intrusive my company will be with him, bank statements etc..... After my 5 years in Sept can I offer,with the help of either my partner or brother, a lump sum for the extra 12 months?! Whilst I'm very grateful for my IVA, I can see light at the end of a very, long hard 5 year tunnel and I just want to move on with my life now having lived like a hermit for the past few years, sorry if I've waffled on a bit - haha in a nut shell, can I pay the Extra 12 months off in one go!
Thanks
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
It would probably require a variation unless your proposal allows this but even if it does I see no reason for the offer to be refused. Very best of luck.
