Is a secured loan counted as part of the mortgage when working out equity

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mark716
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by mark716 » Tue Feb 27, 2018 5:00 pm
Is a secured loan counted as part of the mortgage when working out equity
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Ryan
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by Ryan » Tue Feb 27, 2018 5:09 pm
Hi Mark,

As in one that you had in place prior to entering in to the IVA?

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Foggy
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by Foggy » Tue Feb 27, 2018 5:11 pm
If the charge was there when tyou went into the IVA - yes, it will reduce the available equity figure.
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mark716
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by mark716 » Tue Feb 27, 2018 5:33 pm
Yes I took loan out before the iva
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mark716
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by mark716 » Tue Feb 27, 2018 5:51 pm
Ryan wrote:
Hi Mark,

As in one that you had in place prior to entering in to the IVA?

Regards

Yes took it out before iva
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Ryan
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by Ryan » Wed Feb 28, 2018 8:48 am
I agree with Foggy then Mark.

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Shaun Vickery
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by Shaun Vickery » Thu Mar 01, 2018 10:19 am
The simple answer to the question is 'Yes'.
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