Do I have to remortgage?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
User avatar
Posts: 1
by manasse » Tue Sep 25, 2018 9:57 pm

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
User avatar
Forum Expert
Posts: 27956
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.
User avatar
Lisa Thomas
Industry Expert
Posts: 7233
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:
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 20 guests