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Posted: Mon Jun 08, 2015 4:13 am
by noel
Hi , I am in my last year of my iva , if I cannot gain a remortgage to release the equity into my iva , what are the options likely to be please ?
Posted: Mon Jun 08, 2015 8:04 am
by Foggy
As detailed in your paperwork. Most likely is a 12 month extension to the IVA.
Posted: Mon Jun 08, 2015 8:49 am
by sprowstonboy
Generally a 12 month extension which is where I am at the moment, however certain IP's seem to be pushing secured loans at fairly high APR%. Most people believe that a remortgage and a secured loan are entirely separate things so don't be pushed into a loan if your paperwork doesn't allow it.
Posted: Tue Jun 09, 2015 1:55 pm
by Shaun Vickery
Your most likely options are likely to be re-mortgage, secured loan or extension. You'd be wise to look at all options and then decide.