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petercar
Posts: 18 Joined: Tue Feb 14, 2012 7:15 pmLocation: United Kingdom
I just got year 4 statement but they have not asked about valuation so i guess i now have to get to valuation and try to remortgage
floooring retail and trade
kallis3
Forum Expert
Posts: 77176 Joined: Mon Mar 17, 2008 4:02 pmLocation: United Kingdom
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It's usually at month 54when they ask for it. You won't be able to remortgage. Do you have any equity?
Sharing from experiences of dealing with debt
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Foggy
Posts: 33395 Joined: Fri Dec 17, 2010 11:14 amLocation: United Kingdom
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Read your paperwork very carefully and make sure you understand what is required as some firms are playing a bit footloose around equity.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
petercar
Posts: 18 Joined: Tue Feb 14, 2012 7:15 pmLocation: United Kingdom
Yes i think around 100000 with the way house have shot up i no to get my amount of loan hiw it going to be betewwen 4 to 5 tines income without the debts
floooring retail and trade
Shining
Posts: 27019 Joined: Thu Sep 20, 2007 8:57 amLocation:
I would check your proposal re equity release and contact your IP when this is due. Do ensure as Foggy says that you understand totally what to do.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Lisa Thomas
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Posts: 7759 Joined: Wed Dec 03, 2014 10:26 am
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4 years sounds a little early - as the others suggest dig out all your paperwork, including modifications to see what your terms are.
