im 3 months away from the end of my fifth year and have just been contacted by a company about equity release from my house . i have a secured loan and a mortgage on my property they both come to roughly what the property is worth. so how can i release money when i don't have it .
It there's no equity you can't!! You have to go through the process of obtaining a valuation, redemption figures etc to confirm that there is none though. Usually, unless there is a modification to the contrary, your IVA should conclude after 60 months if there is no equity.