iva and equity on mortgage

A question about : iva and equity on mortgage

I took out an IVA nearly 5 years ago and thought I was coming to the end, I received a letter today stating as I'm now in the 54th month they will be looking to collect equity from my home !
Turns out it is in the small print but it was never mentioned during any interviews with my case worker I was told once the 5 years was up I would be debt free !!!!
Has anyone come across this and have any advice as I feel duped Ive already been paying up to Ј300 for majority of the repayments.😠

Best answers:

• How much equity do you have?
  They can't force the sale as I undetstand it but do ask that you remortgage / get a secured loan if you can't or are declined then it gets extended for a further year
• Yes it's in my agreement too- I just had a valuation done of the house and I have to make some extra iva payments to cover the increase In value, fortunately only two months. The problem us that you set it up five years ago like myself, I had to re read the original proposal to recall the specifics but my house hasn't gone up much in value- the surveyors report mentioned the house needs maintenance I've had little money for five years that's why!
  But yes you've either got to remortgage or pay for longer if you have more equity now - hope you get it sorted
• Standard in IVA's were you have a mortgage.
  If you don't have enough equity or you cannot re-mortgage then you may have your IVA extended another year.
  Well done for getting this far !