IVA Advice - nearly there!

W39

***Post moved***
Hi

I am new to the MSE forum but wanted to join to obtain some valued advice.

I am five years into a six year IVA with Grant Thornton LLP, the original IVA was for 5 years but my mortgage provider asked for an additional year to be added to claim more money back as an unsecured loan was taken with my secured mortgage.

I have read that any extensions to a 5 year IVA mean that you can't be forced into the "remortgage" at the end of the contract.

We have been told that in month 66 (out of 72) we will have to have the property valued and any equity would be taken to fully pay off the remaining debt to our creditors.

Our mortgage has been on interest only throughout the IVA but we know we still have around £25k equity in the property, what's the likelihood of getting a mortgage when in an IVA and are there any restrictions on the costs associated with this as once the IVA is settled and complete we could be paying more out than before if the mortgage is on a higher rate, our was set at 3.4%

Any advise would be welcomed!

Thanks

W39