www.iva.co.uk

Hi,

I am about to have completed my 1st year of my IVA, I have been asked to supply new expenditure and P60 to my Supervisor which I new would happen, but on getting in from work today I have an answer message from a Kimmett property and mortgage complany who have been asked to value my house, will this be for my IVA? I did have to supply 3 quotes last year but was never told I would have to have it valued every year, is this the norm and why??

Any advice grateful
Thanks

not sure about that one,my review is due also ,i was never told i would have to have it valued every year!

I have not had to have my house valued since the start of my iva 3 years ago. Well not till i asked about settling it early via remortgage.

It would be unusual for the house to be valued at this point of your IVA and it certainly wouldn't be valued every year.

IT is also more usual to allow the debtor to obtain the valuations and I think that it would be highly unlikely that an IP would put a valuer in touch with you out of the blue.

I would suggest that you ring your IP and ask them whether they know of this firm before you ring them back