www.iva.co.uk

Hi all, I have paid freeman Jones for five years they should have tried to remorgage my property 3 months before the five year end they didn't , it's now five years and two months .direct debit stopped end of May, it's now July , now they are trying to get another twelve months payment from me because their valuation say I have just over £5300 equity . If it work out I have to pay will they accept lump sum check if relatives abroad wants to pay due to me not having a year left in UK

It is possible to pay with a lump sum. Whether you have to pay the extension will rest entirely on the amount of equity available and the delay will have no bearing on the matter. With such a close thing, if you get your own valuation under the £5k, they might agree that no extension applies.

Hi Bruce.c,

I'm aware that my colleague Spencer has replied to your comments on your other post http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=72378

Just to clarify, we are happy for you to provide an alternative valuation of your property.

We are also happy to consider a lump sum payment should this be acceptable to creditors.

I know that my colleague who spoke to you has advised of the above and we are currently waiting for further details from you. If you need our assistance in this process then please email me directly at contactus@freemanjones.co.uk.

Thank you

we paid £50 for a local estate agent to value the property, as we had £5131 equity. The new valuation brought us in under £5k so the extra year was cancelled. best £50 I've ever spent!