My iva company passed my detai

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
User avatar
wayne608
Posts: 2
by wayne608 » Tue Jul 03, 2018 5:06 am
My iva company passed my detail to another so look into equity release. For the sake of getting my creditors about £6000.they want me to remortgage which will put another 8 years on to my term.is this worth it?
User avatar
Foggy
Forum Expert
Posts: 27295
Contact
by Foggy » Tue Jul 03, 2018 6:53 am
First --- is this a remortgage or a secured loan ? What does your equity release clause say? If it says "remortgage or extend" they cannot force a secured loan on you.

The repay,ment for this loan / remortgage cannot be more than 50% of your IVA payment. There are other limitations too.

Read your equity release clause wording to make sure they are sticking to the agreed terms.
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 34 guests