Confused about month 54 , My last payment is due at the beginning of October (if no equity in property) , I emailed GT in May regarding when the valuation will be done (don't want a desktop as house is falling in a state) GT replied that they would conduct the re mortgage review between month 54-60 . Is this correct? I keep reading on here about the valuation being done in month 54 . My IVA says "6 months prior to the expiry of the arrangement ...." & my Summary says IVA duration :66 months Number of contributions: 60.So it makes sense that 6 months prior to the expiry could be month 60 (out of 66) Just concerned that I keep reading month 54.
I'm not sure whether I am just twitchy as is so close to the 60 months & I don't want any hiccups or whether I I ought to contact them again.
I would push the matter as you, rightly so, wish to know where you are and month 60 is leaving it a little late. You might also need time to query / challenge the figure they arrive at.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Yep , keep on at them Sharon, just shows the difference in IVA Companies.
With Stepchange, they requested the info of the mortgage, etc around month 52 and arranged a local valuer to call so by month 54 the decision had already been made by them that no extra payments would be needed.
My last payment will be 1st August and they have already asked for and received all the info for the final review and I have had a letter saying it will be passed to the completion stage as soon as the last payment is made. Hoping the CC will be as quick.
It depends whose obligation it is. If it says the debtor is to do.... then go ahead and be pro active. If it says the Supervisor must... then it is their problem and if not done they would need to answer to their regulators.
our IP did everything for us, they had a desktop valuation done and contacted a company for the remortgage application (refusal). We also had our own valuation done by an estate agent as we wanted to challenge their figure.
getting there ....
Got there!!
IVA started 27/10/2010
final payment 27/10/2015
CC received 6/5/16
Off the register 5/8/16
