Ultimately the choice is not yours to make, however, at the moment, you will not be able to get a remortgage as the market currently stands. A 12 month extension is the likely outcome in any event.
You still need to jump through the hoops, firstly, to make sure that there is actually equity there to be had. If not, no extension anyway. And, secondly, you need to prove you cannot remortgage, as this is what you agreed to do in your arrangement. However, there are a few, worldy-wise, IP's who realise that this is a futile exercise these days and don't press too hard for evidence.
Last edited by
Foggy on Fri Jul 15, 2016 10:23 am, edited 1 time in total.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
