If you can’t remortgage, or if it would be too expensive to do this, you may need to make extra monthly payments into your IVA, increasing the term by 12 months. You can also get a third party to provide money for this.
For more information about IVAs and for help on any other debt issue, please use our online debt advice tool or get in touch with us by phone. Speak confidentially to one of our debt advisors, free from all landlines and mobiles.
They aren't available if you live in Scotland. In Scotland, a protected trust deed is a similar solution, but has different benefits, risks and fees associated with it.