Can i offer F&F by taking out equity out of the house?

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steve509
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by steve509 » Fri Jul 14, 2017 9:11 am
In a iva now 27 months can you being old enough take equity out of house to offer a full and final proposal to close iva please
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Foggy
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by Foggy » Fri Jul 14, 2017 9:14 am
You can do this, but it has to be done carefully. Have a word with Shaun Vickery, a broker with access to products which might help. Think carefully though as the repayments will go on long after the IVA would have finished.

Shaun's details cxan be found under the "Quick Links" tab (top left) and then under "The Team" on the drop down.
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Michael Peoples
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by Michael Peoples » Fri Jul 14, 2017 9:28 am
I agree. I am not sure if there is a minimum period for the IVA to be running but I am sure Shaun will be able to advise you.
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steve509
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by steve509 » Fri Jul 14, 2017 5:27 pm
In iva 27 months looking to release equity from house aged 56 and my wife 54 paying 202 a month into IVA as it stands total taking into account the extra 12 months looking to offer 8800 as my wife's pension comes to release next march love some advice
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Foggy
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by Foggy » Fri Jul 14, 2017 5:39 pm
steve509 wrote:
In iva 27 months looking to release equity from house aged 56 and my wife 54 paying 202 a month into IVA as it stands total taking into account the extra 12 months looking to offer 8800 as my wife's pension comes to release next march love some advice



Is the lump sum to be funded from the pension release or are you wanting to get it closed down before that by releasing the equity? Is it only you in the IVA ?
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steve509
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by steve509 » Fri Jul 14, 2017 6:55 pm
In a joint iva I am on dla my wife works looking at avenues and any advice to finish the iva have joint mortgage value around 88000 outstanding 45000 paying 544 amth and 202 to iva
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Foggy
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by Foggy » Fri Jul 14, 2017 7:11 pm
Have a word with Shaun to see what he has to offer.
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