Thanks Melanie , oh well 42months to go I suppose...

Regards
Paul

Hi Melanie , would that also be the case if I were given/lent a lump sum from my Parents, as opposed to a lump sum from equity release?

Hi jpj , yes I have a fairly large family - thanks for the concern
If the 10k equity is still 10k then fine , but it seems it may be somewhat larger by 2011 due to market forces. 40k of the 130k mortgage is a secured loan with pretty high rates.

Paul

Hi Andy , would the alternative plan of a lump sum from a 3rd party be a viable option? Or is that also likely to be rejected due to the equity clause?


Cheers


Paul

Thanks again Dave , sorry I edited my reply before I read you response. Yes I see what you mean , they will want to get as much as they can. The house value has altered slightly , and the 10k was based upon the house value being 185k at the time of the IVA. The part I altered in my last post was the...

Hi , thanks for the prompt reply ! I was thinking of a remortage to raise the amount of around 35k. I'm not sure if a mortgage company , or at least a decent rated one , would lend me the amount whilst I'm in an IVA though? I also have been offered some money from my parents to pay this off early , ...

I entered into an IVA in September 2006 , original debt was 72k. I pay £600 pcm , with a 10k equity release at the end of the 4th year. I realise that this release depends on the available equity in my property. I have a mortage of 130k remaining on my property , it is worth 200k , possible a little...