Just paid my last payment to creditfix.
They told me I have completed term of five years and congratulated me on this.
Now received letter saying we need to remortgage. Should creditfix have contacted me 6 months before IVA finished? please help
They should have picked it up and started the process, but, at the end of the day, it is your responsibility to comply with the terms of the IVA and you agreed to carry out this valuation / equity release exercise at month 54.
First you need to establish whether the clause will be triggered --- i.e. is there more than £5k equity? If there is I am afraid you do have to jump through the attempting to re-mortgage hoops. If not, and CF agree the IVA has, after all, ended.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk
As you are with Creditfix it's quite possible that you will be referred to us for an independent assessment of your ability to release equity from your property but, as previous posters have said, ultimately it is your obligation to fulfill all of the conditions of the IVA. I'd be quite happy to look into this for you if you would like (if so please could I ask you to let me have your details off-line - you can obtain my contact details by clicking on the experts section on the right hand side). We will, of course, be happy to look at any property valuations you have had done yourself.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.