Equity release, switch from DM to GT

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Debt Monkey

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Post by Debt Monkey » Tue Jul 06, 2010 7:52 pm

Does anyone have any experience/been in a similar situation....

My IVA was with Debt Matters but got switched to Grant Thornton, in my IVA I was supposed to have my property revalued in year 4 and relase equity (not that there is any). I am now in year 5 but have not been asked to get my property valued, is this common whilst they wait for prices to go up and equity to go up??? Or have they just fogotten, suppose I ought to contact my IP direct.




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Post by MelanieGiles » Tue Jul 06, 2010 7:59 pm
If I were you I would contact GT to make sure that you are doing everything they expect you to. You don't want to leave it too late and then find you are in default with something that you ought to have been doing - and I would definately do it before house prices start rising.
Regards, Melanie Giles, Insolvency Practitioner
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