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Posted: Sun Apr 24, 2016 12:57 pm
by petercar
I just got year 4 statement but they have not asked about valuation so i guess i now have to get to valuation and try to remortgage
Posted: Sun Apr 24, 2016 1:12 pm
by kallis3
It's usually at month 54when they ask for it. You won't be able to remortgage. Do you have any equity?
Posted: Sun Apr 24, 2016 1:18 pm
by Foggy
Read your paperwork very carefully and make sure you understand what is required as some firms are playing a bit footloose around equity.
Posted: Sun Apr 24, 2016 2:35 pm
by petercar
Yes i think around 100000 with the way house have shot up i no to get my amount of loan hiw it going to be betewwen 4 to 5 tines income without the debts
Posted: Sun Apr 24, 2016 3:33 pm
by Shining
I would check your proposal re equity release and contact your IP when this is due. Do ensure as Foggy says that you understand totally what to do.
Remember we'll still be here to help so any other advice we can try to help. All the best.
Posted: Mon Apr 25, 2016 2:52 pm
by Lisa Thomas
4 years sounds a little early - as the others suggest dig out all your paperwork, including modifications to see what your terms are.