We are 4 1/2 years through our IVA having made all payments on time. We have now been asked to release some of the equity in our home via a remortgage. As house prices have dropped we have only £20,000 equity. I am 70 and need to stop working for health reasons and my husband is 79. How are we to g...

Thanks Melanie, I try it and see what happens -S

Thanks Melanie, won't this mean our monthly payment will be increased considerably, we are oly just making the required amount as it is

Sorry Melanie & Andy, finger trouble, it should have read £162,000. There was originally a discrepancy between our local valuation and the valuation put on the house by the IVA company of £10,000, theirs being the higher one. I don't think a 6th year is really an option as I am 69 now and my husband...

Thank you for clarifying the position regarding being a trustee. I have aother query. When I took out my IVA right at the last moment they said that tey want£32,000 colateral from my house which was then values at about £200,000. I have an interest only mortgage so the ortgage has not gone down. My ...

I am in an IVA which is running well and haS 18 MONTHS TO GO. I am a trustee of a local Charity am I alowwed to continue this. It is purely voluntary I receive no pay or expenses.

I am in an IVA. It is now in its second year. All through this period I have from time to time receive letters from other IVA companies suggesting they could get me a better deal. I have ignored all of them. However yesterday I received a letter from the IVA Council saying they have been monitoring ...