What is the best thing to do if my current Mortgage lender refuses to release equity? I have a fixed mortgage at present and am required to realease about 8k in August depening on the valuation (expected to be lower that four years ago).
It will depend upon what it says in your proposal/chairmans report. It may be that you will be expected to do another 12 months. Speak to your IP about this.
Can I suggest that you change your user name? You may find that you get loads of spam if you don't.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
You should discuss this with your IP as it may be very unlikely that you will be able to release any equity whilst in your current IVA. Was the £8k a fixed sum you were required to raise, or was this based on a particular loan to value calculation?
