Equity release question

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Pap

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Post by Pap » Thu Dec 04, 2014 5:52 pm
Just paid month 68 of 72 month iva. Got house valued and sent that and redemption statement to CF and they have acknowledged receipt. Have had no contact whatsoever from them - not even a call or email about new terms.
Is there a time limit on how long they can take to come back to me, bearing in mind that under the standard part of my agreement there are only 4 payments left?
Also -PJG put on the RX1 restriction against my home - once this is finished (is that when I make my last payment or when they close the case?) will CF be able to lift it?
May 2015 - Completed!!
 
 

Pap

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Post by Pap » Fri Dec 05, 2014 7:21 am
Anyone got any ideas on this please, particularly about the rx1? Thanks
May 2015 - Completed!!
 
 

Foggy

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Post by Foggy » Fri Dec 05, 2014 7:52 am
CF will be able to lift the RX1 as the new Supervisor. It will be lifted when the completion certificate is issued and well worth reminding them at the time.

I do not believe that there is a time limit, other then the timing of actually getting the valuations, which is specified in the arrangement.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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