www.iva.co.uk

Posted: **Fri Jul 24, 2009 2:35 pm**

hy.in the last year of our iva.And now have to have a professional valuation.does that mean we have to fib to estate agents or pay for one? i cant see us having any equity so what will they do then?

Posted: **Fri Jul 24, 2009 2:58 pm**

Just tell the estate agents that you are selling up due to a job offer elsewhere in the country so want a price for a fast sale. You can later tell them the job fell through and you are staying put!!

Posted: **Fri Jul 24, 2009 3:01 pm**

i thought the company would have been more heplful.but they arnt and never have been

Posted: **Fri Jul 24, 2009 3:05 pm**

it dont get any easier....we never have any money and its horrible to say cant go no money!!

Posted: **Fri Jul 24, 2009 3:07 pm**

can an expert comment on what will happen due to current climate..and are we suposed to use estate agents.....i hate the thought

Posted: **Fri Jul 24, 2009 3:08 pm**

What does it say in your proposal about what you do if equity cannot be released(its a hard thing to do just now in todays market)?

Posted: **Fri Jul 24, 2009 3:12 pm**

not sure.was told would carry on for another year....im not happy about estate agents coming to nosey

Posted: **Fri Jul 24, 2009 3:14 pm**

i guess its another hoop to jump

Posted: **Fri Jul 24, 2009 3:17 pm**

is there valuation professional or market value? or do we have to pay

Posted: **Fri Jul 24, 2009 9:17 pm**

If there is a cost involved this should be paid by your IP out of estate monies - after all it is creditors who want the actual valuation to be carried out.

Posted: **Fri Jul 24, 2009 9:22 pm**

If you have an estate agent round, then it shouldn't cost you.

Why not have a word with your mortgage provider first to see if you would be allowed to remortgage? If you can't get anyone to agree to you having a mortgage then you could just be allowed to continue with the IVA for the further year.

Posted: **Sat Jul 25, 2009 9:46 am**

Hi all, hope everyone is well

Just replying back to the message above in relation to equity in your property.

I have mortgage with my partner and my partner is NOT in the iva with me. i am starting my 4th year of my iva,i was told that the equity will be split as half of he equity is my partners and half would be mine. However is it that if there is no equity that it is the end of IVA. As if there is no equity then why would you pay for a additional year as you have no equity.

Kind regards
Dave

Posted: **Sat Jul 25, 2009 10:03 am**

Hi
It will depend on your creditors and how your IVA is written.
If you are unable to remortgage your IVA will conclude at the end of year five or you will have to extend it by one year
Regards

Posted: **Sat Jul 25, 2009 11:26 am**

As ever - the answer lies in the wording of the proposal, as modified by creditors at the meeting. No one's IVA document is the same - they are individual to all of you.

Posted: **Sat Jul 25, 2009 6:30 pm**

Hello I had to get a valuation done so called in the local agents in my area, told them we were thinking about moving and got my valuation within the hour, didnt cost a penny. My IVA has now been concluded due to the de minimis clause and because there is no equity in property, I have adhered to my IVA by the book the IP felt it was not my fault tat the equity fell out of my property. So my payments stay the same and I have 10 months to go before I am debt free!!!