The way things are going, I doubt many of us will have much equity to release, let alone be able to get a remortgage. The creditors won't be getting as much back from those who have to carry on for 12 months. We have to release £28,000 in year 4 (or whatever the valuation is then), if we carry on, they'll get back about £7,000 on top of what we will have already paid.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
