I wonder if NRAM are the problem here? Indeed -- It is usual for NRAM to amend the term to six years at the outset, with the option of the further years extension for equity. As it appears that the proposal wasn't actually read at the time of signing this could well be the explanation. At the time,...

Jodie, On the re-mortgage front we can look to re-mortgage you to a High Street Lender once your Completion certificate has been issued - be that normally 6 years after the IVA began or possibly 7 in your case. No need to wait additional years after. Regards Hi Ryan, That is really good to know, th...

kallis3 wrote:

I wonder if NRAM are the problem here?

I am going to assume so. I found an article yesterday evening where it stated NRAM usually try to extend the total IVA term to 7 years. They were the biggest creditor too so it would seem likely.
Thank you for your reply.

12 months is the standard extension for equity release provisions. You really need to dig out your copy of the proposal and chairman's report to see what you actually agreed to at the time. Many thanks for your reply. Yes, I will have a look for the original documents. I do not remember being advis...

Hi Jodie, Have you ever taken a payment break during the 5 years? Regards Hi Ryan, Many thanks for your reply. No, we have never taken a payment break nor missed a payment. In around 2015 I noticed our annual statement showed an outstanding payment of 1 monthly payment amount. I called to query thi...