www.iva.co.uk

Good morning all,

I have recently read a blog entry regarding the way Aperture are calculating the equity release in property. my IVA has recently been acquired by Aperture from Cleardebt and I am concerned as to the way the two companies calculations are done as it appears to me that if the calculation is done on the Aperture method it would required my wife and I to complete an additional 7th year, but I was informed in a correspondence from from Aperture that the terms and conditions would remain the same, does anyone have any insight on this subject.

Many thanks in advance.

Hi,

Your terms and conditions should remain the same so stick to your guns!

The Ts & Cs do remain the same, but Aperture try to interpret them differently and, in my opinion, contrary to the way it was intended.

Some arrangements make specific reference to annexes 6 & 7 of the Protocol which lays out the exact calculation to be used. If yours refers to this in any way Aperture must be bound to use that method -- however, they will still try to do it their way and should be challenged.

Agree with Foggy.

Also with Apeture interpretation varies between IPs.