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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
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