www.iva.co.uk

hello

the time has come when I've been asked to get the house valued. I am considering asking for a valuation based on a 'forced sale'. Is that okay? And at what point during the discussion should I inform estate agent / surveyor that that is what I looking for?

thanks

I`ve been informed by my case manager that a `forced sale` valuation will be fine.

I guess you just tell the person who is doing your valuation that is what you require from the start,

That`s what I will be doing when I need to in February.

Yes, it's generally accepted in the Insonvency world that a valuation be based on " 3 month forced sale basis". This is roughly 10% less than market value.

cool - many thanks

You may need to pay for the valuation but this could save you a year's payments if the valuer knows what it is for.

This would be a lot cheaper than a 'free' valuation at a higher price.