Re mortgage during iva for full and final offer

Gertrude20

Hi
I've been thinking about trying to end IVA early by remortgaging. I have equity in my property and would need to attempt this anyway towards the end. I am paying £340 a month into the iva, have 16 months left plus i will need to pay another year or release equity. I have recently got my mortgage statement and have approx 45 thousand equity in property worth 100,000 at the most. What are the chances of doing this nowadays. When I took out the iva chances of mortgages were approx 0 but times have changed. 

MrFrugalFever

I would suggest the chances are considerably slim. Could you raise a full & final settlement from elsewhere if you are wanting to end the agreement early? Usually a f&f is presented as a lump sum of all remaining payments left, but it’s down to the creditors in the variation meeting as to whether they will accept this (or even less).