Hi,

GT requested my mortgage statement and with more than £5k equity I expected to go down the remortgage route. Paid my existing IVA off last week and received a letter the next day saying automatically into 12 month extension.

GT have been brilliant to us and all I can say is thanks GT.

Thank you everyone and as always very valuable information given.

Thank you

Hi, I've had to phone up Grant Thornton regarding Equity Release and they have asked me to upload my property details on a web site called "Property Price Advice". Valuation seems quite high especially as they have low, high and average values. Has anyone come across them and can I get my own valuat...

Once again many thanks for your valuable experience and I have already made contact with Shaun so let's see where things go from there.

Regards,
Mark

Hi,
I am looking into a secured loan provider for a Full & Final offer on my IVA which is currently in month 53.

Thank you

Thanks to everyone much appreciated. I think we are going to give it a go.

Hi, Great help on this site and pondering whether I should try and settle my IVA with a full & final offer. I'm 7 months months till the end of my IVA and believe I will get a further 12 months leaving around £8k to repay. So what do you think I should offer as a F&F? Secondly do I have to have the ...

Hi Andy,

Great news and thanks for your clear reply which is very much appreciated.

Kind regards,Mark

Hi Foggy,

Thank you for your advice which is very valuable.

Kind regards,
Mark

Question re IVA Protocol 2014
Presently in the last year of IVA and about £800 behind on payments but IVA are fine and just paying an extra £60 a month to clear.
However when it come s to the equity release I have read in the IVA Protocol 2014
“The incremental cost of the remortgage, including cost of any new repayment vehicle, will not exceed 50% of the monthly contribution at the review dateâ€￾
Should I try to get my payments up to date before equity release date?
Thanks
Mark

Hi Foggy,

Yes there are notes regarding the release as you suggested.

Thanks for your help, Mark

Hi, Just completed 4 years in IVA and all going fine but understand I may need to release Equity (about 30k). My question being I checked my Protocol Compliant which reads; Duration,60 months IVA Value xxxx Equity to be released, ZERO Date Equity release, Month 54 I'm confused, do I need to release ...