I inherited my mothers home when she died last year

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susie

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Post by susie » Wed Feb 21, 2018 6:59 pm
I inherited my mothers home when she died last year I am in the 4 year of an Iva interlocked with my husbands debts the house is worth 150000 there is no mortgage or secured loans on the property my Iva company know about my inheritance I would like to get an equity release me and my husband owe just short of £44000 how much would I have to release from the equity

Foggy

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Post by Foggy » Wed Feb 21, 2018 7:02 pm
You would probably have to release enough to cover the full original debt, plus fees and possible statutory interest.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lisa Thomas

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Post by Lisa Thomas » Thu Feb 22, 2018 9:54 am
What was the original debt?

How much assets have been paid in since the start of the IVAs?

(Look at the receipts and payments in the latest Annual progress report you got from your IP)

Also look at their outstanding costs disclosed in the report.

I can then give you a very rough estimate as to what might be required.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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