font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Goosed

Here you go blackstar and country girl,

An old thread on `equity release` and what some other posters and experts think on the matter.

Many thanks Goosed.

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Michael Peoples Hi Blackstar. I am referring to cases going forward and not to older ones. If you believe that you are entitled to the extension perhaps legal opinion may be useful but I cannot comment...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Michael Peoples Given that the loan would work out cheaper than a total remortgage there is definitely room for such a product. If some IPs refuse to implement the loan option creditors can simply modi...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by TzeKin A few years back it was then very clear to me that remortgaging on the 4th year of an iva was becoming impossible.(I don't believe any one has ever been able to do this who posted here.) Now it ...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by country girl It does seem to me that you have little protection in an IVA. However I would gladly take out a secured loan rather than be threaten with bankruptcy like I am if you cannot re-mortgage. So...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Michael Peoples You need to check your proposal and make sure there is no minimum dividend requirement or modifications requiring equity to be released. It may not be automatic that an extension be app...

Thanks Foggy. The word 'loan' does not appear anywhere on my IVA terms. It states remortgage or pay an additional 12 months, but Debt Lifeboat are having none of it. I feel like I'm banging my head against a brick wall every time they call. The IP who is threatening to terminate the IVA is a Partner...

Thanks Melanie. My IP is saying (via office staff) that there is too much equity in my home to simply pay another year and if I can't remortgage and won't take a secured loan he has no option but to terminate my IVA. I wrote to my IP in March stating the reasons for not going ahead with a secured lo...

I'm in month 58 of my IVA with all payments made on time. Over the past few months Debt Life Boat have been pushing for me to take out a secured loan as I (and DLB) have been unable to remortgage my home to release the required £17k due in July. I refused a loan which they put forward (£9k over 15...