www.iva.co.uk

I have contacted my IP several times as I have I have been called by their 3rd party equity release guys a few times. I have asked to be considered for the 12 month extension given the temporary changes in place around equity release. They keep skipping over my questions and today I got a letter asking to prove a mortgage settlement figure. I think my initial 5 years is up in April but probably have a few months after that as I didn't have a payment break when I was on maternity leave. How final is the government advice! Can an IP ignore it and still make me release equity? Can they do that right up until my 5 years is up before making the decision to force equity release or extend? Any help will be much appreciated.

Equity is supposed to be addressed around month 54 --- they have started the process now and this is a one bite of the cherry scenario.

I would write direct to the IP, by recorded delivery, keeping copies, telling him that you are invoking Section 3, clause 1.12 of the Coronavirus (COVID-19) Guidance for the Straightforward Consumer IVA Protocol. This is, of course, assuming that you have a Protocol compliant IVA. In the same letter politely ask for contact details of his regulatory body.