Foggy wrote:This has happened several times recently and seems to be some sort of admin mess up at Aperture. Give them a call and challenge it.
Thank you I have just emailed them confirmation of my rejection to remotrgage at month 54 their acknowledgement and also a letter they sent me outlining payment for 12 more months in lieu of equity
You are right to be concerned, I was in a similar situation to you. I was contacted by the Select Partnership who are basically an agency for 'loan shark wan$%£"**! ' and pay day loan type people (scum of the earth).
They will want you to get a 'kneecap breaking' loan secured on your property for like 20% interest or more! And you will find that £3000 - £4000 at least will go towards juicy 'kick backs' and commissions for various scumbags ( Aperture and Select). My advice is to run a mile and them that your equity obligations have already been addressed. Oh, and by the way don't let them tell you that a 'secured loan' is the same as a 're-mortgage' because it isn't.
A re-mortgage..... RE-PLACES the current mortgage. Its not a secured scamming scumbag loan from a loan shark.
This what happened to me:
I was in an IVA with Debt Free Direct (the biggest con artists to walk the planet) , and 6 months from the end of the IVA (month 66 in my case due to Northern Rock being a creditor), I phoned DFD up 5to find out about the equity release.
(My IVA states a RE-mortgage must be obtained in the final 6 months blah blah blah..
So DFD tells me " Don't worry Mr Bloggs, we will look into that and be in touch.... blah blah.
So at month 71, I get a letter and a phone call from the Select Partnership who try to sell me an £8000 over 15 years !!! loan of which only £6000 would go into my IVA!. I told them to jump out an aeroplane without a parachute.
So in the end it took 6 months for them to agree to extend the IVA for a further 12 months.(costing me £3000).
I suggest you put in a formal complaint to them giving them 14 working days to reply followed by a complaint to the Insolvency Service. ( Trust me, your IVA company won't reply because they have already had all of your money and they are looking for the next mug new customer.
Personally, I do not agree with the secured loan option, but, as I say, for some who have posted their experience on here, it works.
Anyway, please --- the forum ethos is "respect for all".
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