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I am in my final year of an IVA with DFD and unsure as to what happens now. We havent heard from them re equity release. We have a property worh approx £210,000 and a mortgage of £172,000 and can't see anyone allowing us to re-mortgage. Do we just offer to do an extra 12 months or must we go through the mortgage application process just to be turned down?

Hi and welcome to the forum. What I had to do and I'm not with DFD was to get a valuation and forward this to my IP. I then had a variation meeting called a I had negative equity. Maybe they'll do the same but with equity you often have to pay 12 month further payments in lieu of this.

Your case officer/IP will be able to give you a definitive answer to this though so do contact them. x

Agree with Lesley - speak to your supervisor about this.