Do I have to remortgage?

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manasse
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by manasse » Tue Sep 25, 2018 9:57 pm
Hello

Can the iva company force me to remortgage? and if I refused, would it be regarded as a breach? as it is a clause on my IVa
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Foggy
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by Foggy » Wed Sep 26, 2018 6:41 am
You do have to try ---it is highly likely that you will be unable to be accepted. Refusal to try can be regarded as a breach.past a few IP's have been aware of the futility of trying and accepted the extesion as inevitable, thus allowing only lipsrvice eaid to the atempt to remortgage. However, the moremarket is ever changing, as I say, although highly unlikely that you will get a remortgage, it has been done.
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Lisa Thomas
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by Lisa Thomas » Wed Sep 26, 2018 8:50 am
Yes your terms probably state you need to attempt and it is highly unlikely that you will be able to.

Ask your IP what evidence they require to satisfy themselves it is not possible for you to remortgage.

Watch my video here for the standard options - probably a 12 month extension for you, depending on your level of equitable interest:

https://youtu.be/PHfc85n39U4
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