We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Iva help please

parker18
parker18 Posts: 23 Forumite
10 Posts First Anniversary
in IVA & DRO
Hi as anyone managed to remortgage or get a loan to pay towards your iva if so what interest rate was offered 

Comments

  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    If you can pull equity out of your property the rates are generally high, you are better off paying another 12 months to the IVA after getting some declines from lenders.

    Whats your LTV?
  • parker18
    parker18 Posts: 23 Forumite
    10 Posts First Anniversary
    Well my payments are 119 a month so can't be anymore than 59.50 my payments ended in January but still nothing mentioned about equity release or loan do they take it over the years you have left on the mortgage or when you retire 
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.8K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture