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if i take out an iva and a clause in it states I must take out a remortgage at the end of the term. Can I make any other borrings or my house if there is enough equity to pay off the IVA in full and still enough equity for what I need?

Usually the terms and conditions of your IVA will be worded so that you will have to release as much as you can to your creditors, so if you can release more than the expected amount then this would likely need to go to your creditors also.

If your IVA terms and conditions state you only need to release a finite amount and there is a possibility you can release more, I would assume that you could take the overflow for yourself but you should contact your IP and discuss this with them to be sure.


Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

By "paying off the IVA in full" do you mean that you would pay all of your creditors in full and the costs of the IVA? If so, then the remainder of the equity is yours to do what you want with.

If not, then I agree with Olly above.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk