Have been told I need to release equity

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1

iain200

User avatar
Posts: 4
Joined: Fri Mar 30, 2018 12:38 pm

Post by iain200 » Mon Jul 16, 2018 8:43 am
I have been in an IVA for six years £381 per month. £27032 owed. I have paid back the money owed and have no arrears.
Been told by Aperture I have to remortgage for a further £8000 I have equity in my house I didnt six years ago.
I have just received my annual report which says no arrears, paid in full and a specific section which states no equity in property. This was dated the 9th July.

Help what is going on here

Foggy

User avatar
Forum Expert
Posts: 28340
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Mon Jul 16, 2018 9:12 am
How much equity do you think you have ?

Although you have paid the original debt in your eyes, the fees come out first. so some of the debt, as well as possible stautory interest is still outstanding.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”