My mortgage is at the limit of my income multiple

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
Post Reply
 
 

Jan.nt

User avatar
Posts: 7
Joined: Sun Apr 11, 2010 4:15 pm
Location:
Post by Jan.nt » Fri Apr 16, 2010 11:56 am
Quote
My mortgage is at the limit of my income multiple, so what will happen when the time comes to release what little equity is in my house?
Top
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:
Post by Michael Peoples » Fri Apr 16, 2010 11:57 am
Quote
If you cannot obtain a remortgage and there is equity in the property your IVA will probably be extended by twelve months. It will then be closed down and you will not be expected to try again for a refinance.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
Top
Post Reply
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”