Equity calculations with Aperture

Get expert opinion. This is the place for new questions to be posted.
  • 1
  • 2
17 posts Page 2 of 2
User avatar
jane181
Posts: 7
by jane181 » Tue Oct 23, 2018 2:53 pm
Hi all I had a call from my case manager today after my equity review appeal. They have said that I do not have to re mortgage my property due to there not being enough loan to value equity however will have to do a 6th year of paying £400 per month due to my property equity being 11K. I explained that I am not happy with their method of calculations as my figures on the method provided on the original IVA with Grant Thornton come to 3k so no extra year necessary. He admitted to me that the different methods used are very confusing to clients and also admitted that I am not alone in raising this issue. His defence was a paragraph stating equity worth in appendix 2 ??? I am really not happy to go into an extra year of payments unnecessarily and have now raised a formal complaint. I would be really interested to hear if anyone else has challenged this previously with Aperture and won or am I just fighting a losing battle? :(
User avatar
Foggy
Forum Expert
Posts: 27350
Contact
by Foggy » Tue Oct 23, 2018 3:00 pm
When they started doing this they did back down a few times that we know of. Also mention that you will eascalate the complaint to their regulatory body via the Government Gateway at: https://www.gov.uk/complain-about-insol ... actitioner
  • 1
  • 2
17 posts Page 2 of 2
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 25 guests