Hi, just started the iva road and wondered if I have to have my House valued if so what does this sort of valuation cost,going of the houses on my street its looks as though I will owe more than the house is worth, any advice would be great.
Hi - yes you will need a valuation, we just had an estate agent to come around ( pretended we were considering outting it on the market).
There will be a clause in your IVA for you to try and release any equity, normally during year 4. If there's no equity, the IVA will probably run for a further year.
If it's for the IVA application, the company you use normally arrange that for you, ours did and it didn't cost us.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Payplan sent a local estate agent round, who valued it the same as our building society had done 12 months before.
They then did a 'drive by valuation', which valued it the same and charged us £65! As they had been told about the IVA they wanted to make sure they weren't losing out!
I assume Payplan will send another agent round when it comes to the equity release.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi
I think most companies will expect you to get the valuation yourself and it will be as Swans Girl stated.
Payplan seem to have a good systyem in place though.
Regards
That surprises me, I thought they would all would be the same.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
