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Posted: Tue Jun 16, 2015 12:46 pm
by Sharon.09
Confused about month 54 , My last payment is due at the beginning of October (if no equity in property) , I emailed GT in May regarding when the valuation will be done (don't want a desktop as house is falling in a state) GT replied that they would conduct the re mortgage review between month 54-60 . Is this correct? I keep reading on here about the valuation being done in month 54 . My IVA says "6 months prior to the expiry of the arrangement ...." & my Summary says IVA duration :66 months Number of contributions: 60.So it makes sense that 6 months prior to the expiry could be month 60 (out of 66) Just concerned that I keep reading month 54.
I'm not sure whether I am just twitchy as is so close to the 60 months & I don't want any hiccups or whether I I ought to contact them again.
Posted: Tue Jun 16, 2015 12:58 pm
by Foggy
I would push the matter as you, rightly so, wish to know where you are and month 60 is leaving it a little late. You might also need time to query / challenge the figure they arrive at.
Posted: Tue Jun 16, 2015 1:02 pm
by Ike
I would email them again too Sharon, and be prepared to get a valuation done yourself. Thats what we are going as our house is a state too.
Posted: Tue Jun 16, 2015 1:19 pm
by FormerlyST1100
Yep , keep on at them Sharon, just shows the difference in IVA Companies.
With Stepchange, they requested the info of the mortgage, etc around month 52 and arranged a local valuer to call so by month 54 the decision had already been made by them that no extra payments would be needed.
My last payment will be 1st August and they have already asked for and received all the info for the final review and I have had a letter saying it will be passed to the completion stage as soon as the last payment is made. Hoping the CC will be as quick.
Posted: Tue Jun 16, 2015 3:02 pm
by Michael Peoples
It depends whose obligation it is. If it says the debtor is to do.... then go ahead and be pro active. If it says the Supervisor must... then it is their problem and if not done they would need to answer to their regulators.
Posted: Tue Jun 16, 2015 5:05 pm
by Helen.k
our IP did everything for us, they had a desktop valuation done and contacted a company for the remortgage application (refusal). We also had our own valuation done by an estate agent as we wanted to challenge their figure.