Can someone tell me what happens if I am in my 4th year of iva and I cannot get a re-mortgage of 85% of value of my home???? I know they can extend the payments to 6 years but what if I can't get a re-mortgage???
If you cannot get a remortgage, then your payments will probably be extended for a further year, but then your IVA should be finished.
Perhaps see what it says in your proposal, or have a word with your IP.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
