Just wandering if anyone could give me any advice on a full and final for my IVA
I have currently be in my current IVA for 26 months with no problems. My total unsecured debt was £59,915 across 7 creditors.
My monthly IVA payments at the beginning were £260 per month but were put up due to extra earinings in November to £320. I have to remortgage in year 4 an extra £5774.25 although i have just found out that i would have to give 75% of the equitable interest in my house so this would be a lot more.
I have recently been talking to a company called Who's Lending who i believe are part of pay plan. They are really nice people and have said that there should be no problem with getting a remortgage enabling me to pay off my IVA earlier. Just wandering if anyone could give me an idea of what sum i would need to offer for the final settlement.
The mortgage rate that they have quoted me is 7% fixed for 2 years.
Hope someone could steer me in the correct direction.