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Craig.l123
- Posts: 15
- Joined: Thu Nov 03, 2011 9:54 am
Me and my wifeI have an iva and would like to know if and what i should offer as way of a Full and Final payment.
I have been paying into it at £256 for the the past 8 months, this wil increase to £286 from next march.
We did the iva for 80k and have about 70k in equity in the house.
I wanted to know about the full and final because i am worried that after 4 years the iva company will ask me to get a remortgage to raise about £30k.(i dont know exactly), and if i could`nt get one they would be able to(i think it would be a lot higher rate)and i could be paying this for years.
i spoke to the company about this and they said that after 4 years i would need 2 quotes from any mortgage company to confirm that i could`nt get a re-mortage and the iva would continue for an extra 12 months.
i don`t know if i trust them, so any advise would be very helpfull.
manythanks
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Shining
- Posts: 27019
- Joined: Thu Sep 20, 2007 8:57 am
- Location:
Duplicate posting.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
