Hi
I have been asked to look into a remortgage for the final year of IVA and when i tried to get valuations no one would come out to value as i told them what it was for.
Anyway 2 did give me phone valuations which i passed on to me IVA supervisor. The values were &61,000 and £65,000 and my mortgage owed id £60,000.
I sent this information off and have had a letter back stating that the have worked out that 85% of the interest in the property is £6,500 and i can either pay that or pay my IVA for a further 2 months. This does not make sense to me and just wondered if anyone else could make sense of it ?
Thanks - See more at: http://www.iva.co.uk/forum/topic.asp?wh ... 426#587601
Those figures do not make sense ! Are you with GT by any chance -- as they use a different calculation method to everybody else. Whoever you are with doesn't appear to be using your valuation figures, but some of their own. Ask them for a breakdown of their calculations.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
