Get expert opinion. This is the place for new questions to be posted.
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Mercdes
- Posts: 3
- Joined: Tue Sep 23, 2014 11:50 pm
I'am a home owner and part of the requirements for the completion of my IVA, is to apply for the release of my equity. I completed a 72 months payment of my IVA with the understanding that the additional 12 months period is in lieu of such equity release. Do they still have the right to get hold of any amount of equity I have? Your feed back is highly appreciated.
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Beth1978
- Posts: 22
- Joined: Tue Sep 23, 2014 4:52 pm
- Location: United Kingdom
I'll follow this as we are in the same situation as of yesterday we're also worried about this
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bridgey
- Posts: 142
- Joined: Mon Dec 02, 2013 9:19 am
- Location: United Kingdom
As far as I am aware, no.
Once the term of the IVA plus any additional months in lieu of re-mortgage, the IVA is complete and any equity is yours and yours alone.
Half the lies you tell aint true
