Thank you, yes I will keep my IP informed.
No, there is no insurance and only after 5 years I can apply for holiday. What happens if I fail mortgage repayments, the house gets repossesed , bankruptcy. Can the house get repossesed without going bankrupt?

Hi, I have an IVA, been paying it for 2and1/2 years, also I have an 130% mortgage which I've been paying it monthly for the last 3 years. I worked overseas to cope with all this debts (over 1300 pounds monthly) but now I'm facing unemployment prety soon and I wont be able to cope with my mortgage. C...