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Have been told I need to release equity

Posted: Mon Jul 16, 2018 8:43 am
by iain200
I have been in an IVA for six years £381 per month. £27032 owed. I have paid back the money owed and have no arrears.
Been told by Aperture I have to remortgage for a further £8000 I have equity in my house I didnt six years ago.
I have just received my annual report which says no arrears, paid in full and a specific section which states no equity in property. This was dated the 9th July.

Help what is going on here

Re: Have been told I need to release equity

Posted: Mon Jul 16, 2018 9:12 am
by Foggy
How much equity do you think you have ?

Although you have paid the original debt in your eyes, the fees come out first. so some of the debt, as well as possible stautory interest is still outstanding.