Correction Hi again - Just one more thing! If they had more equity in the property by year four - say 100k, would the creditors be limited to taking up to the amount of capital outstanding, (e.g. 80k of debt less 15k paid in installments - 65k outstanding) or could they take more than the 65K? Thanks

Is the equity release amount set at the beginning so can not increase if the value of the property increases?

Would the IVA not make it difficult to remortgage near the end of the term?

Thanks again

Hi Melanie, just to check - If the payment was more like £250 p.m. do you think an IVA may be accepted? And also, what if they can not get a remortgage at the end of the 5 years to release the equity - and would they have to release an amount agreed at the begining of the agreement, or can this chan...

Thanks for your quick response, They are 58 (father) and 55. The English property is worth around 95k and mortgage is intrest only - 85k. As stated the house is 50:50 between me and my father. No debt with northern rock or HSBC. Is the spanish property liable for the equity release, or are only UK a...

Hi there. I am enquiring about an IVA for my parents - I wondered if you think an IVA would work for them. They currently have around 80k unsecured debt which is rising rapidly as they are using further credit to fund the monthly payments each month. Repayments are around £1500 more than they can af...