Will the Iva run for 6 years?

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Lisad0239
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by Lisad0239 » Mon Sep 10, 2018 12:56 pm
Just had a valuation off an estate agent for equity - month 54 myself and my husband both have an IVA they have said £40,000 as an asking price we owe 27800 will we have to do another year.
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kallis3
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by kallis3 » Mon Sep 10, 2018 1:00 pm
You may well have to - you will be unable to remortgage.
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Foggy
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by Foggy » Mon Sep 10, 2018 1:47 pm
If the equity release clauses are applied correctly, it looks like you will not have enough equity to trigger the release clause --- however, some firms are quite "inventive" with their interpretations.
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