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Posted: Tue Apr 29, 2008 7:26 pm
by kieranandmegansmum
in my iva in the fourth year i have to remortgage if possible currently owe 107000 on mortgage and 10000 on loan what would my house need to be valued at to remortgage
Posted: Tue Apr 29, 2008 7:36 pm
by MelanieGiles
Assuming that you have the usual maximum loan to value provision of 85%, your house would need to be worth at least £142,000 taking account of the first £5,000.