Foggy wrote:Might I ask why you have to release equity at month 30 ? What happens if you are unable to ? Have they simply (for some reason) moved the equity release exercise forward. If your proposal doesn't mention the exercise being repeated it should not be.
The original proposal said mo th 54 but HMRC modified thus to month 30 - if it isn’t paid then I will be breached and made bankrupt. If I can somehow find the money I am worried that as I haven’t dipped into the equity they will decide they want it at the end. Thanks Jane
Foggy wrote:If the month 54 was amended to month 30 (rather than month 30 being added in as a seperate exercise, then I would say they can only have one bite of the cherry. This is a wholly unreasonable clause, as getting a remortgage in the middle of the term will probably prove nigh on impossible (and HMRC will know this). I gather though that HMRC has the voting clout to get it through.
Have a chat with Shaun --- his details are in his profile: memberlist.php?mode=viewprofile&u=22837
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