equity release HELLP

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gavin

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Post by gavin » Tue Aug 07, 2007 12:25 am
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i have a max of £300 equity in the home waht if ther is still no equit what do we do
Last edited by gavin on Tue Aug 07, 2007 12:35 am, edited 1 time in total.
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
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MelanieGiles

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Post by MelanieGiles » Tue Aug 07, 2007 12:29 am
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Gain

I'm sorry I do not understand your post. Could you clarify please?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

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Adam Davies

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Post by Adam Davies » Tue Aug 07, 2007 11:18 am
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Gavin
I,m guessing that you are referring to the fourth year equity clause,and if you have insufficient equity there is normally a clause to extend the IVA for twelve months instead of releasing equity.
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iva experts

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Post by iva experts » Tue Aug 07, 2007 11:29 am
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If there is little equity in your property then I would say that your IVA will run for a duration of 5 years. However the creditors can still put an equity release clause in your proposal, if they do this then in the 4th year your I.P will contact you to get a valution on your house and then make a decision based on the house value.

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