We're at the end of year 4. We need to remortage for £3k(No chance). Have asked about variation to do extra six months (worth £8.5K) to avoid paying extra year. IVA company as telling us not to do it as 99% aren't accepted. Advised we could end up paying more. Advice please!
You will never end up paying more than 100p/£ plus fees. Some proposals do not require a remortgage or any additional payments if there is less than five thousand in equity so check you proposal to se if this applies in your case.
