5th year IVA anxiety

miaboo

Hi, 
My husband is in his 5th year of the IVA and I'm trying to find out some answers please 
We only have 10 years left of our mortgage and I really don't want to remortgage this close to being mortgage free , How can we stop this?
 
I've looked on the IVAs website under this section and it states that if a co owner will not consent to a remortgage or secured loan then usually a 12 month extension will apply ( thats fine) can I do this as co owner amd argue its on their website if they kick off?

Also whats if we could ask them to continue normal payments till the end of year 5 then settle with a payment for the equivalent of year 6s payments in a lump sum to finish early. ( If I can get a family member to pay) also is it based on your monthly x by 12 

We are sick with worry and stress that they will want a remortgage taking the mortgage to retirement age when we should of been mortgage free by 55

Thanks 

sourcrates

Ok, try and chill out a little, you are not forced to do anything, as co-owner you can object to a re-mortgage, and its fairy standard practice to do so.

It will automatically mean at least another 12 months of payments, if you wanted to make a full and final settlement offer, you should do so in writing to your IP`s office, usually they would need a good reason to accept this offer, rather than letting the IVA complete.

miaboo

Thank you so much, thats really put my mind at ease as was dreading June when they contact us