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Posted: Thu Jul 01, 2010 2:30 pm
by manmountain
who would be the best re-mortgage company to assist with the 4th year contract payment of equity.
Posted: Thu Jul 01, 2010 3:09 pm
by rayb
Hi,
To be honest I think it would be pretty hard to remortgage with anyone whilst in an IVA. I would think what will happen is that you will have to pay a further years payments on your IVA.
Speak to your IP and see where you stand.
Posted: Thu Jul 01, 2010 5:44 pm
by kallis3
I agree that it will be difficult. I have to try my own company and one other but I'm resigned to having to carry on for another twelve months.
Posted: Sat Jul 03, 2010 5:52 pm
by MelanieGiles
I don't think I know of any mortgage company which is lending to people in IVAs right now.
Posted: Sat Jul 03, 2010 8:38 pm
by northumbrian69
My 4th year equity release clause kicks in soon, I e'mailed my Supervisor and asked what happens if I cant remortgage or there is no equity available?
The answer was they would ask my creditors for the asset to be removed from the arrangement, no mention of an extra 12 payments, I'm keeping my fingers crossed, big time.
Posted: Sat Jul 03, 2010 9:51 pm
by MelanieGiles
Do you have any equity in the property currently northumbrian69?