I have recently read a blog entry regarding the way Aperture are calculating the equity release in property. my IVA has recently been acquired by Aperture from Cleardebt and I am concerned as to the way the two companies calculations are done as it appears to me that if the calculation is done on the Aperture method it would required my wife and I to complete an additional 7th year, but I was informed in a correspondence from from Aperture that the terms and conditions would remain the same, does anyone have any insight on this subject.
Your terms and conditions should remain the same so stick to your guns!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
The Ts & Cs do remain the same, but Aperture try to interpret them differently and, in my opinion, contrary to the way it was intended.
Some arrangements make specific reference to annexes 6 & 7 of the Protocol which lays out the exact calculation to be used. If yours refers to this in any way Aperture must be bound to use that method -- however, they will still try to do it their way and should be challenged.
Last edited by Foggy on Mon Apr 04, 2016 12:45 pm, edited 1 time in total.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Also with Apeture interpretation varies between IPs.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
