We are nearly at the end of our IVA journey and boy does it seem to have gone quick. There have been some rough times though but I am so glad we are nearly there.
Last August Melanie Giles & Co stated we need to get a property valuation during January. However, I have heard nothing from Credit Fix regarding this and I also seem to have mislaid contact details for them. Does anybody know what I need to do regarding the valuation and getting it to them? Can somebody let me have an email address for them?
Also regarding Credit Fix, we did not sign the new terms that were sent to us late last year. We haven't heard anything about this and assume it won't be a problem but I just wondered if anyone else had a problem with not signing?
There should be no problem caused by not signing the new Ts & Cs.
You should be getting on with obtaining redemption statements for all secured lending and getting a couple of valuations for the property. However, some CF clients have been presented with "drive by" valuation figures by CF, which, in my opinion, are wholly unsatisfactory.
A "drive by" is, at best, where they drive up the road and see the house is still standing, then compare it with other houses of similar size in the street that have sold recently. Otherwise they depend upon the likes of Zoopla, which average out house prices in the region and arrive at a rough value.
Bearing in mind that a house is rarely properly maintained during the 5 years of an IVA the value would be lower than it's identical, but pristine, neighbour.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Well that shouldn't be too bad for us. Zoopla and another website I used value it at roughly the same as it was valued five years ago. Hopefully everything will be ok and our iva complete by August. I have emailed a few agents with regards to getting a valuation.
