www.iva.co.uk

Hi all

We have just completed our 3rd yr and have received a letter from Kingsgate advising that our payments will remain unchanged for our 4th year.

I just wondered if this means the mortgage equity will not be looked in or does that happen at end of year 4 ?

Thanks

Ali

Hi Ali. Equity is usually looked at around month 54.

Hi, usually equity is looked at in yr4, I did mine midway through year 4, and although we had no equity we still had to go through the process to satisfy this clause in the IVA.