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noel
Posts: 29 Joined: Sun Sep 06, 2009 3:58 pmLocation: United Kingdom
Hi , I am in my last year of my iva , if I cannot gain a remortgage to release the equity into my iva , what are the options likely to be please ?
Foggy
Posts: 33396 Joined: Fri Dec 17, 2010 11:14 amLocation: United Kingdom
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As detailed in your paperwork. Most likely is a 12 month extension to the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
sprowstonboy
Posts: 209 Joined: Wed Jul 29, 2009 1:38 pmLocation:
Generally a 12 month extension which is where I am at the moment, however certain IP's seem to be pushing secured loans at fairly high APR%. Most people believe that a remortgage and a secured loan are entirely separate things so don't be pushed into a loan if your paperwork doesn't allow it.
Shaun Vickery
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Posts: 940 Joined: Tue Feb 12, 2013 8:32 amLocation: United Kingdom
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Your most likely options are likely to be re-mortgage, secured loan or extension. You'd be wise to look at all options and then decide.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.
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http://clients.theselectpartnership.co.uk/
