Anyone forced to remortgage in their 4th yr?

Charco_2

Dont have much experience with co-ownership mortgages but I would imagine you would still have to address your equity somehow.

Same rules apply.

Find 85% of the value of your home, take away the value of the current outstanding mortgage and secured loans etc and divide any surplus by the number of co-owners (I'm guessing two!?)

Is there likely to be much equity left over?

Chances are you'll be expected to extend your IVA by a year - which is a far better option anyway!