House valuation

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stickman

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Post by stickman » Thu Feb 21, 2008 5:32 pm
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Is a house valuation an integral part of setting up an IVA and if so how is it paid for if you can#t afford it?

Thanks
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ray_a

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Post by ray_a » Thu Feb 21, 2008 5:36 pm
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Unfortunately the house does have to be valued but you can get around this by getting two estate agents around on the basis that you are thinking of selling and then say after you receive their letters that you are not interested.

it was the least of our worries!
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ianmillington

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Post by ianmillington » Thu Feb 21, 2008 5:45 pm
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As part of putting the IVA together I would not expect to have to get a formal i.e paid for valuation, unless the circumstances were exceptional or perhaps HMRC are your biggest creditor.

Ian
Last edited by ianmillington on Thu Feb 21, 2008 5:46 pm, edited 1 time in total.
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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MelanieGiles

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Post by MelanieGiles » Thu Feb 21, 2008 10:30 pm
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I always get a written professional valuation, but rarely a paid for one - even for HMRC. Most estate agents will provide valuations on a free of charge basis if they feel there is the whiff of a sale at the end of it for them.
Regards, Melanie Giles, Insolvency Practitioner
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