Thanks everyone for advice..spoke to the mortgage company today they have given me a year on interest only to find a buyer..much relieved..just need to find one now!!

IVA cleared this year with help from family to avoid 6th year and loss of equity. Mortgage finishes end October 2016. Still owe about £75,000 to bank for second mortgage. House been up for sale to clear debts and hopefully collect the equity about £40,000..sale slow but buyers interested. If the B...

I agree with Foggy. We did the exact same thing..our son paid off the IVA for the sixth year to protect our equity..we offered the amount still outstanding, say 11 months x current monthly payment and the creditors agreed to it. IVA was settled very quickly.Our house is now sold and the equity is ou...

thanks all..update soon about land registry

Aperture formerly Grant Thornton

Some very good news. 2 weeks ago we paid the agreed extra 12 months in lieu of equity but in one lump sum. The CC arrived this morning!! So delighted and relieved..so to all you folk out there struggling to pay- let me say..things do get better. Thanks so much for all the excellent advice we have re...

update..full and final paid 27 May, CC received 20th June!! World record?? Who's job is it to clear the restriction on my deeds please as we plan to sell shortly..thanks again

thanks for the help, will update later

into our 6th year of IVA due to equity in our property, we recently got a successful variation as a third party offered a settlement which the creditors agreed to. The money has been paid so no more payments from us.The supervisor says the final paperwork might take 6 months. Am I correct in thinkin...

many thanks esgt1967, sure selling is the last thing we want to do..just getting tired now and want the whole thing finished..been a very long 5 years!!

Hi Lisa. Asking for our bank statements etc not our sons..they say all they want is a confirmation letter from him, he will never be contacted direct. I'm trying to be careful as I am well aware that the IP is on credits side never ours!! problem is we are in our late 60s, carers whose contracts wil...

thanks Lisa and others for help at a very stressful time. we are in poor health and our income source from work will soon cease. we have 11 payments extra to make of £866.00 a month. our main mortgage finishes in October this year when our mortgage current account £70,000 approx. will fall due for r...

advice please..several questions..iva run for 5 years so far, 40,000 equity in house not accessible due to our age so further 12 months payments asked for..first extra payment made. problems with income swiftly approaching..if we sell the house how much of our equity will the iva take..all of it? th...