Equity and Falling House Prices

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ollyrharness

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Post by ollyrharness » Sat Feb 02, 2008 3:50 pm
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If there is an amount of equity in the house that the IP is unwilling to agree to be utilised or moved to a potential invest that could generate more equity, but insists on the original property remaining as is for the 4th year equity release and in that time any equity is lost due to falling house prices what happens?
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MelanieGiles

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Post by MelanieGiles » Sat Feb 02, 2008 4:02 pm
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You don't end up having to pay any more money to creditors. IVA supervisors are not empowered to speculate on property investments.
Regards, Melanie Giles, Insolvency Practitioner
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