After numerous phone calls with them yesterday and basically being made to feel very stupid, I sent a very long email to them last night, attaching a copy of my IVA document and the IVA protocol. They came back to me this evening!Good luck vlc1507 and thank you to everyone else for all your support.

We have just had an email back from GT to say that they were in the wrong. They had calculated it based on property value less mortgage less selling fees and then had taken 85% of this figure to produce our share of the interest in the equity. We referred them to our IVA document and they now accept...

We are currently in month 59 of a 60 month term of an IVA and we have just been advised that we will now have to make 12 additional monthly payments to reflect the release of equity in our property. We are completely baffled. The property is valued at £174,000. The outstanding mortgage amount is £...