Releasing equity into an IVA

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Post by wendy724 » Fri Mar 22, 2019 3:53 pm
I took out a Iva in 2012 this is now year 7 I have 560 pound to pay they are saying for missed payments then they are now talking about equity from my house how is this fair


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Post by Foggy » Fri Mar 22, 2019 4:14 pm
What was the agreed term at the outset ?

Do you agree that there are any missed payments to be made up ?

Equity release or a 12 month extension are standard terms for homeowners and are detailed in the agreement you signed. What, exactly, are they saying about this ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


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Post by Ryan » Fri Mar 22, 2019 4:14 pm
Hi Wendy,

Were there any missed payments that you are aware of? Which Company are you with for the IVA?

Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

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