Paying off an iva early
Posted: Wed Sep 14, 2022 5:55 pm
so my IVA is £150 per month.
I have 12 months left of a 6 year IVA
I am desperate to start a remortgage ASAP after the IVA is over, but I have heard it takes upto 6 months to get the completion certificate and presumably, get the Land Registry warning removed.
Would it not be prudent to pay off the last 6 months by borrowing from family? I mean 6 x £150 would be £900, is that right? Or is the final total the full debt? I'm confused.
If it's the first amount, it would be greatly in my favour wouldn't it, to pay off early, then go for remortgage as soon as the iva is finished?
I have 12 months left of a 6 year IVA
I am desperate to start a remortgage ASAP after the IVA is over, but I have heard it takes upto 6 months to get the completion certificate and presumably, get the Land Registry warning removed.
Would it not be prudent to pay off the last 6 months by borrowing from family? I mean 6 x £150 would be £900, is that right? Or is the final total the full debt? I'm confused.
If it's the first amount, it would be greatly in my favour wouldn't it, to pay off early, then go for remortgage as soon as the iva is finished?