I am coming up to the end of month 66 out of 72 and I am waiting on the letter to ask to have my house valued.
I have one valuation already from a local estate agent. However, do I need two estate agents valuations or will one estate agent and one on-line valuation do? The on-line valuation is estimated and around £8,000 more than the local estate agents copy but still shows I am in negative equity with both the on-line valuation and local estate agents valuation.
Thanks,
IVA commenced April 2009 and completion certificate issued on the 25th August 2015..
Hi, We had two valuations in may this year with two different estate agents. We weren't allowed to use online valuations but it may vary depending on who you are with
The estate agents valuation puts me in huge negative equity and they have given me written confirmation on what they have valued my house at. So using the 85% LTV I'm at minus £18,000. Which I know is good for the iva but not good as I can't sell my house at the moment. The on-line valuation still puts me in negative too but not as bad as the agent agents.
So, if I submit one valuation using the estate agents written one will that be surfice you think?
Thanks,
IVA commenced April 2009 and completion certificate issued on the 25th August 2015..
Letter received today from GT regarding equity release.
They wanted a current valuation and a mortgage redemption statement. All these sent now to the progessions team. I can show I'm in huge negative equity of minus 5,000 and more.
Does anyone know how long this review now takes and what would happen next?
IVA commenced April 2009 and completion certificate issued on the 25th August 2015..