Will equity release figure stay constant or be increased due to house price rise etc ?

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Alasdair.44

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Post by Alasdair.44 » Tue Jan 20, 2015 7:03 pm
Another equity release question. My chairman's report shows an actual figure expected to be released in month 54. Will that be the figure they expect me to release this year or may it have increased due to mortgage payments, house price rise etc, etc ? Thank you for reading.
 
 

Keeno14

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Post by Keeno14 » Wed Jan 21, 2015 9:27 am
I'd like to know the answer to this too. The figure expected to release as quoted on the latest creditors report is £10,440, yet I was told by Select last night that its £12,550, when I queried this he was unable to give me a response but told me not to deal with DFD anymore and deal direct with Select. Totally confused...
 
 

Foggy

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Post by Foggy » Wed Jan 21, 2015 11:47 am
Depends on the wording and your IP's interpretation. An expected figure could be just a guideline and could go up or down. A minimum figure has to be met, one way or another.

Select cannot dictate who you talk to -- the IVA is yours, not theirs.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Evette Everest

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Post by Evette Everest » Wed Jan 21, 2015 4:52 pm
Hi Keeno14
Please drop me an email (address is in my profile), with all your contact details and I will get in touch to discuss your issue further.
Look forward to speaking to you soon.
Regards,
Debt Free Direct
Forum Customer Support
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