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Search found 4 matches
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- by ram
- Thu Nov 19, 2009 1:25 pm
- Forum: equity release
- Topic: Equity Release
- Replies: 29
- Views: 16219
Hi all, Just received a letter from my IP with variations in my IVA. One of the clause is about extending my IVA by 12 month if I do not manage to remortgage to release equity in month 54. Just a bit confused. Shall I accept this new proposal or just remain with my old one which says I will provide ...
- by ram
- Fri Nov 13, 2009 6:38 pm
- Forum: equity release
- Topic: Equity Release
- Replies: 29
- Views: 16219
Thanks for your valuable inputs. My IVA document says..''in the event we are unable to realise £12000, we will realise the maximum amount available to us'' this will mean that we will release the maximum equity £8750 in our case and thats it. There is no clause about not being able to remortgage. Th...
- by ram
- Wed Nov 11, 2009 3:36 pm
- Forum: equity release
- Topic: Equity Release
- Replies: 29
- Views: 16219
Thanks Angela, Another problem is that my own bank does not want to remortgage to release any equity! Where can I find any firm who will be able to remortage my flat? At this instance, my IP seems to be going towards increasing my IVA period. It does not seem anymore that they are here to help as th...
- by ram
- Wed Nov 11, 2009 2:51 am
- Forum: equity release
- Topic: Equity Release
- Replies: 29
- Views: 16219
Hello
I am in year 4 of my IVA.I bought my flat for £123000. It has just been valued for £115 000. I have £ 89000 left on my mortgage to pay back. How much equity can I release from my property. I am supposed to release £12000. Is that feasable? What do I do now?
Thanks for your contributions
Ram
Search found 4 matches
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