An explanation on what happens when it is time to get a house valuation please.

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Kerrydmc30

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Post by Kerrydmc30 » Thu Jul 31, 2014 2:22 pm
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Can anyone explain the process of what happens when it is time to value your home towards the end of an IVA. Ours is roughly due in December/January and getting a straight answer about what happens from Grant Thorton seems very difficult. Many thanks
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winter_blues

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Post by winter_blues » Thu Jul 31, 2014 5:58 pm
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Hi Kerry, simply get 2 valuations done. Most on here use local estate agents on the story that you are looking to sell or use a house valuer and ask for a forced sale basis or 3 month sale basis. That way is generally accepted in the insolvency world and will work out around 10% lower than market value which could be significant for those close to 85% LTV.
Winter-Blues
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