Is a 'help to buy' equity loan classed as a secured debt ?

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
User avatar
Posts: 1
by clare » Fri Oct 27, 2017 4:02 pm
My husband and I bought our home 4 years ago using help to buy equity loan.
How is the help to buy equity loan viewed whilst going through Iva?
Is it classed as a secured debt? I can not find any information regarding this anywhere. I am trying to estimate the equity in our home...
User avatar
Forum Expert
Posts: 27047
by Foggy » Fri Oct 27, 2017 4:44 pm
It is currently a charge on the property and so, as, if you sold, this would have to be repaid the equity should, in my view, be reduced by the amount still repayable at the time of valuation for equity release.
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 33 guests