4th Year

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Ali Mason

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Post by Ali Mason » Thu May 02, 2013 1:17 pm
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Hi all

We have just completed our 3rd yr and have received a letter from Kingsgate advising that our payments will remain unchanged for our 4th year.

I just wondered if this means the mortgage equity will not be looked in or does that happen at end of year 4 ?

Thanks

Ali
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Foggy

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Post by Foggy » Thu May 02, 2013 4:58 pm
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Hi Ali. Equity is usually looked at around month 54.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Firefox

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Post by Firefox » Mon May 06, 2013 11:45 am
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Hi, usually equity is looked at in yr4, I did mine midway through year 4, and although we had no equity we still had to go through the process to satisfy this clause in the IVA.
IVA finished June 2011

"If you listen to people who tell you what's impossible, they're usually the ones who failed" Paul Stanley
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