re remortgaging

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kieranandmegansmum

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Post by kieranandmegansmum » Tue Apr 29, 2008 7:26 pm
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in my iva in the fourth year i have to remortgage if possible currently owe 107000 on mortgage and 10000 on loan what would my house need to be valued at to remortgage
S WARD
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MelanieGiles

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Post by MelanieGiles » Tue Apr 29, 2008 7:36 pm
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Assuming that you have the usual maximum loan to value provision of 85%, your house would need to be worth at least £142,000 taking account of the first £5,000.
Regards, Melanie Giles, Insolvency Practitioner
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