Isn't it frustrating

[Shining]

Been going down IVA route for a couple of weeks, need to remortgage to get the mortgage payment lowered, got mortgage in principal offer. All ok, mortgage guy needs £345.00 up front which I don't have and won't have until I get paid, this is my first week of not paying creditors to date everyone is up to date! Postal strike is preventing me sending forms to IP as I'm scared they'll be lost in the backlog, having house valued tomorrow so everything is in place to send. I'm sure this will come together but when and how I can't imagine at this time. Making me frustrated to say the least. Nobodys fault but my own.

[aguise]

There is such a lot to do , sorting oout bills ,I and E and more if you have a mortgage to sort as well, but oncw done that hopefully is it. keep going.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[OPTIMIST12]

Hi isthereanend -

When you are sending important or urgent documents can I recommend (when they are not on strike!!) the Royal Mail Special Delivery service. It is expensive - minimum £4.30p and more for heavier things - but GUARANTEES delivery by 1P.M. the next working day. You get given a barcode and can check progress and confirm delivery by phone or on the internet. If you pay even more they guarantee delivery by 9A.M. next day.

I always feel worried just dropping important stuff in the postbox and this the expense is well worth it for peace of mind.

Good Luck!!!!

[emma_t]

Hi
I would also say to send doccuments special delivery - I had to send all original's to IP and did not want to risk them getting lost - it cost £6 but worth it for peace of mind.
My friends hubbie is a postie and they are back Wednesday!!!!

[bagpuss]

This was one of the problems i faced when trying to sort a re-mortage out...upfront fee's...one broker told me there wasnt any, then after finding me a mortage asked for £260....i havent got a spare £260 floating about...as since our IVA we stcik to a strict budget....i could save it over a period of time but that wasnt possible. When i told him i couldnt pay that his answer just threw me completely..."just wack it on a Credit Card"......he didnt just say that to me did he...an ex IVA...Ohh yeah he did.

So i got another broker...and this time...NO UPFRONT FEES...

Angie xx


My IVA Story......http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/

[Shining]

bagpuss, i might just have to have a look around for one with no up front fees, i'm worried that I'll find the £345 whch I should be able to do by the 27th as we're paying no bills (apart from utility) for the first time this month, (how strange is that) but then if for some reason it falls through do I lose this money? I can ill afford to do that. I'm in a big enough mess already. Thaks for all the advice re using Special Delivery, I will be doing that! having house valued tomorrow and hope they put it in writing as that is what is required.

[bagpuss]

whats the £345 for...?

Angie xx


My IVA Story......http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/

[Shining]

£345 the cost for getting the property valued/do they mean surveyed? unsure really, I'm having it valued tomorrow for IVA purposes.

[bagpuss]

Thats what the other broker wanted our up front fee for...i dont know if you would lose that if the mortgaged failed or not...someone will do, maybe Mike will be on later. x

Seems a shame that you are having it done tomorrow anyway for the IVA...and that the same report cant be used for your remortage..

Angie xx


My IVA Story......http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/

[Shining]

tomorrow is just going to tell me how much it's worth if I put it on the market. You never know they might say 200k and I can sell and pay off all my debts! Don't think so somehow more like the 150k i think it will be valued at, leaving me with 13k equity.

[Andrew Graveson]

Hello,

It's the mortgage-lender that is charging for the valuation.

Some lenders have offered free valuations but unfortunately these offers are less available than they were recently in the current market.

There are also some lenders offering what they describe as free valuations, but whereby in reality you pay for the valuation and at the time the mortgage completes the fee is refunded to you. No completion, no refund.

Unfortunately in most cases such fees would not be refundable if the mortgage did not go forwards for any reason.

I think we've got used to ever increasing property values but when it comes to a remortgage it's probably best to be cautious about the value of your home. That will help to avoid going down mortgage blind-alleys that rack up the fees.

Any independent mortgage broker should be able to talk you through the different valuation arrangements offered by different lenders. They should also be able to point you towards websites that will give you an indication of likely values based on recent sales in your area.


Andrew Graveson
Independent Mortgage Broker & MD Bright Oak Debt Management
andrew@brightoak.co.uk
www.brightoak.co.uk

[mikebdomain]

Hi isthereanend

Sorry I couldn’t post earlier I was attending the IVA.co.uk meeting in Bristol. Just to let you know we do not charge up front valuation fees. As we are also a packager direct to lenders, we carry out our own valuation instructions and do not need to use lenders valuers.


FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf

[Shining]

thanks for that, i may well give you a call either tomorrow or Wednesday if you don't mind, just for a chat. The link to your website appears to be down as i was just having a quick nose. I'm sure you can imagine it's not the most straightforward application.

[mikebdomain]

Isthereanend

Our website isn't down unfortunately it is the access to the site from some Internet Service Providers namely NTL, I have been onto them, but what do they care.

My last post REALLY was not a sales pitch, please do not think it was. Leybridge does not charge a valuation fee and neither does Tony Parsons (welshboy) who I met this evening, he told me himself – very nice man.

No problem about phoning in, the free phone number is on my profile (I’m sure you know how to get to it, just click on my screen name) ask to speak to Jamie W and he will go through all your options with you – We strive on complicated, and of course there is no charge for advice.

P.S Thank you bagpuss

P.P.S Andrew none of our actual lenders carry out or instruct the valuations... It is down to the packager which valuer they instruct based on the lenders valuer panel...


FREE ADVICE IS THE BEST ADVICE

LEYBRIDGE LIMITED
Mortgage Broker
Specialising in adverse credit.

see feedback and testimonials at:
http://www.leybridge.com/testimonial.php
Check out my blog at:
http://mikebdomain.blogs.iva.co.uk/
Please read our Initial Disclosure Document(IDD):
http://www.leybridge.com/Leybridge-IDD.pdf

[Shining]

It was Tony Parsons who had sourced our initial mortgage in principal offer? So that is strange? Now I am confused, but then again it doesn't take a lot for me at the minute!