hy.in the last year of our iva.And now have to have a professional valuation.does that mean we have to fib to estate agents or pay for one? i cant see us having any equity so what will they do then?
Just tell the estate agents that you are selling up due to a job offer elsewhere in the country so want a price for a fast sale. You can later tell them the job fell through and you are staying put!!
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
If there is a cost involved this should be paid by your IP out of estate monies - after all it is creditors who want the actual valuation to be carried out.
If you have an estate agent round, then it shouldn't cost you.
Why not have a word with your mortgage provider first to see if you would be allowed to remortgage? If you can't get anyone to agree to you having a mortgage then you could just be allowed to continue with the IVA for the further year.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Just replying back to the message above in relation to equity in your property.
I have mortgage with my partner and my partner is NOT in the iva with me. i am starting my 4th year of my iva,i was told that the equity will be split as half of he equity is my partners and half would be mine. However is it that if there is no equity that it is the end of IVA. As if there is no equity then why would you pay for a additional year as you have no equity.
Hi
It will depend on your creditors and how your IVA is written.
If you are unable to remortgage your IVA will conclude at the end of year five or you will have to extend it by one year
Regards
As ever - the answer lies in the wording of the proposal, as modified by creditors at the meeting. No one's IVA document is the same - they are individual to all of you.
Hello I had to get a valuation done so called in the local agents in my area, told them we were thinking about moving and got my valuation within the hour, didnt cost a penny. My IVA has now been concluded due to the de minimis clause and because there is no equity in property, I have adhered to my IVA by the book the IP felt it was not my fault tat the equity fell out of my property. So my payments stay the same and I have 10 months to go before I am debt free!!!
On the slow safe road to success. Personal thanks to Melanie Giles Kallis Skippy Elv5 and all the other wonderful forum friends.
