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!
Equity Release IVA
nathswindon
Posts: 10 Forumite
in IVA & DRO
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?
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?
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards