I am required to do an assessment of my home. What does this mean ?

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mubeen
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by mubeen » Fri Mar 03, 2017 7:44 am
Hi. I'm almost at the end of my IVA and they want to do an assessment of my home and work out equity. What does this mean?
Will I have to sell my house?
Who pays for the survey of my home? The only

Thanks
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Foggy
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by Foggy » Fri Mar 03, 2017 8:01 am
Hi. Read your proposal under "Equity Release" the details will be there. If equity is over £5k you will need to try to remortgage -- this usually will be refused and a 12 month extension will be added to your IVA.
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