www.iva.co.uk

Confused yet again. My IVA (in year 3 now ... not bad eh?) contains the clause about equity remortaging in year 4 (70% is quoted in my documentation). There is no mention of a 6th year. This is just as well as I will be retiring towards the end of year 5 and unable to extend my IVA for financial reasons! What happens if there there should have been equity - there will now be none because of house prices dropping - and quite rapidly in the area where I live?

Another question - food prices rising - can us IVAers put these increases in our I and E for 6monthly and annual review?

If there is no equity, then there will be none to raise in the 4th year. And you should certainly advise your IP of any changes in expenditure you are encountering.