Thanks for the prompt response. V helpful. Would you know if the terms of any remortgage length and type (if we were to get approved) are up to us or does the IVA dictate the terms? Due the amount of equity and income (we pull in V healthy salary with job security) there is a chance lenders would be...

<t>Remortgage Clause - I have probably 200k of equity in my house today. I'm in month 54 of a 72 month IVA plan with the remortgage clause set to kick in around month 66.<br/> <br/> Pay £465 a month into the plan and around 9.5k remaining if left to run the 72 months.<br/> <br/> Current mortgage is ...

<t>I'm coming up to month 54 of my contract and so I'm expecting the remortgage clause to kick in next month. The value of my property is approximately 475k - 500k with an outstanding balance of 327k so we have a fair amount of equity. We currently pay £465 a month into the IVA with a family of 4 wi...

<t>I have a question regarding the remortgage clause in my IVA.<br/> <br/> I'm about half way through my 4th year of my IVA. At the end of the 5th year will we asked to remortgage or extend the IVA by another 12 months. Currently pay £445 per month into the plan.<br/> <br/> The equity in my property...

Nice one Kazza! good to hear that! positive outcome for you no doubt and proves there is light at the end of the IVA tunnel!

Just got to stick this out! hoping we can work out an early closure!

Yep that does make sense to me. Cheers for that information! The only other thing I'd like to ask... When we do actually get to the end of this agreement; I think I have to wait a while before we get the certificate right? How long should I wait before I go for a remortgage and any tips for starting...

Thanks for the response. I'm a little confused by the last response of a full and final settlement of 15k. Seems a lot when I'll have just over 10k remaining if we see out the 6 years?! The remortgage clause in the contract states amount to be released will not exceed 85% LTV. Nor will it exceed 100...

<r>Hi, I'm now 6 months into my 4th year of my IVA plan. We pay £445 a month into the plan so £5340 per year.<br/> <br/> I own my house. We have a mortgage of £325000 and the house is now worth approx £520000. Chances of any remortgage at the end of the 5th year V slim plus other circumstances in th...