How does the equity release work?

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rita.w

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Post by rita.w » Wed Jun 18, 2008 12:03 am
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How does the equity release work? If you agree to pay off 60% of £100,000 debt, do you pay off (say) £30,000 in monthly payments then £30,000 in equity release?
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MelanieGiles

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Post by MelanieGiles » Wed Jun 18, 2008 12:04 am
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Hi rita and welcome to the forum

Are you already in an IVA or thinking about whether to enter into one?
Regards, Melanie Giles, Insolvency Practitioner
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