You need to speak to Aperture to find out exactly what is going to happen.
Last edited by kallis3 on Sun Mar 27, 2016 6:47 pm, edited 1 time in total.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
IP's have attempted to interpret this in different ways and it is really down to exact wording.
To my mind a usually worded equity clause is intended to grab a percentage of the individuals SHARE of the equity. So a husband and wife owning together usually own 50% of the equity each and I would say, in that case, that if each has the £5k de minimis trigger point in their agreement that the overall equity should be £10k on the property to trigger equity release.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
