Just to let you know, our IVA has now been paid off, mid December, the creditors accepted our proposal of £27,000 or rather 1 did (owed the least amount £50!) non of the other creditors voted! and the transaction went through smoothly.
Thanks again for your comments/replies.

Melanie.

We bought the house in 2003 for £124.000 and a company valued it 18 months ago by a 'drive by' valuation at £140,000, but they have wrote to us in the last week saying they believe it to be worth £162.000 and would like us to use them to remorgage, they want us to offer £27.000 to the creditors.

we are not struggling to make the payments, but we would like to find some way to pay off the iva for several reasons, 1) my father died last year and my mother is finding it lonely on her own (we live 200 miles away and we cannot afford the cost of fuel to keep going to see her and she is on a pens...

Yes we do, and can be payable at 100% if the company decide at the end of 5 years.

we have been in an iva since June 2004 and we feel that we may have enough equity in the house now to pay off the debt. what is the best way to do this and how much should we offer? we are currently paying 63p in the pound on a £46,000 debt at £301.00 a month and have 2 years left.