Posted: Mon Nov 03, 2014 9:30 pm
Hello
I am currently 16 months into my IVA, and am due to pay back a total of £16,800. From a recent valuation I could get £175,000 for my house, with a remaining mortgage of £153,000.
With this in mind, and the amount I have already paid back and my PPI claims, if I were to sell, would the entire amount be taken from me and my monthly payments carry on, or would I be able to offer this as a full and final settlement?
I have done a bit of research on the internet and have found conflicting stories, so just looking for advice really.
Thanks.
I am currently 16 months into my IVA, and am due to pay back a total of £16,800. From a recent valuation I could get £175,000 for my house, with a remaining mortgage of £153,000.
With this in mind, and the amount I have already paid back and my PPI claims, if I were to sell, would the entire amount be taken from me and my monthly payments carry on, or would I be able to offer this as a full and final settlement?
I have done a bit of research on the internet and have found conflicting stories, so just looking for advice really.
Thanks.