However, there are other limits regarding a remortgage in that the loan repayment cannot be more than 50% of the IVA payment, is based on 85% LTV and the term cannot extend beyond the latter of retirement age or the current mortgage term. As far as I can see the terms are silent on secured loans, but I would hope that the same limits apply.
The terms also state that "the debtor should be provided with a clear written explanation illustrating the possible net woth to be released ....."
Who is onlineUsers browsing this forum: No registered users and 10 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, IVA.com Group Limited will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location