Equity Release IVA

nathswindon
nathswindon Forumite Posts: 10
First Anniversary Name Dropper First Post
Forumite
I'm into a sixth year of my IVA 

The sixth year was written in from the start and it cannot be extended due to a lack of equity release (I have this in writing)

But with nine months left the IP have asked me to attempt a remortgage?

Firstly, is this not too late to do this?

Secondly am In obligated to use their provider?

Thirdly, if declined I understand that the IVA will compete at the sixth year, so why would I even try to make it work?
Meet your Ambassadors

Categories

  • All Categories
  • 338.7K Banking & Borrowing
  • 248.6K Reduce Debt & Boost Income
  • 447.5K Spending & Discounts
  • 230.6K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 171K Life & Family
  • 243.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards