Equity release

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Johnd0111
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by Johnd0111 » Sun May 13, 2018 5:44 pm
Is equity release of home in the IVA mean only as a mortgage?
Or are there other ways that must be considered?
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Foggy
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by Foggy » Sun May 13, 2018 5:51 pm
Johnd0111 wrote:
Is equity release of home in the IVA mean only as a mortgage?
Or are there other ways that must be considered?


It depends on what version of the Protocol you have. Before 2014 it was generally remortgage or extend, after that they introduced secured lending as an option. Of course your own IVA might be written differently.
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Lisa Thomas
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by Lisa Thomas » Mon May 14, 2018 8:44 am
The normal procedure tends to be that you can't remortgage and the 12 month extension will apply instead but it will depend on your terms. Check your proposals and any modifications.

See my short video here for options:

https://youtu.be/PHfc85n39U4
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Johnd0111
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by Johnd0111 » Tue May 15, 2018 5:12 pm
Thank you for the advice.
I appreciate it.
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