I have sent off my paperwork for equity release which I am unable to remortgage a friend has offered to pay my remaining payments (about 17 payments)as a f+f payment and I repay them.
Will there have to be a second meeting or would they deal with it at the first meeting
It would be a seperate meeting for a f&f which could take 2-3 months to sort.
When you make the offer ensure that the amount reduces by every month than you have to wait as you will be continuing to make payments plus make it clear that the funds are only available if the f&f accepted.
Your friend should keep the funds in their account until required.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
This may not need a meeting as often proposals allow for the introduction of third party funds in lieu of equity. A quick phone call to your IP will get you the correct answer.
