Equity Release Yr 4

[trog]

Whats the situation. If your house has equity but chances of remotgaging to 85% LTV is not allowed by mortgage company. Would the iva fail

This is for some one else, it amazing how many people are in debt.

[pbeck]

You'd have to remortgage with a different mortgage provider. There are mortgage companies that specialise in providing mortgages for people to finish their IVA, and if yo ucan't find one, your IVA Supervisor will certainly be able to find one for you.

Philip Beck - www.freeivaadvice.co.uk

Licensed Insolvency Practitioner and IVA specialist

[MelanieGiles]

There are three extremely good mortgage brokers who regularly post on this site - Andrew Graveson, Tony Parsons and Mike Burridge, all of whom would be more than happy to give your friend some advice.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Welsh Boy]

trog

If your current lender will not allow you to take your present lending with them to 85%, first check with your IP if you are in an IVA whether this is acceptable to them.

If it is then contact a mortgage broker and they will talk you through what`s potentially available whilst taking information from yourself.

There are deals out there that will allow you to obtain 85% ltv or indeed more but each case would be viewed on it`s own individual merits and what is available can then be determined for you.

Hope this is of help.Tony

F.P.C. 1,2,3 Qualified
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Managing Director : Debt Advisory Bureau
Principal : All Mortgage Products

www.debtadvisorybureau.co.uk
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[mikebdomain]

Tony is right, there are still plenty of 85% products available to people in an IVA.

FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
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Specialising in adverse credit.

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[trog]

Will relay message.

Just that i know they find it hard to pay mortgage at current rate as for there income to learn up to 85% would probably make it that realistically could not afford payments as they only have 1 income.

They have equity in house but there mortgage is already 3 times there salary.