If equity is available,do you have to release the full amount ?

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Alfie.04

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Post by Alfie.04 » Sat Jun 29, 2013 11:01 am
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If equity is available,do you have to release the full amount or remortgage to the A dividend figure or B the total original debt
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Michael Peoples

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Post by Michael Peoples » Sat Jun 29, 2013 3:15 pm
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You are expected to release a maximum of 85% loan to value or repay your creditors in full. Remortgages are almost impossible to get at the moment anyway so it probably will not be an issue anyway.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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