Credit fix have done an online valuation for my house and say it has equity in it.
I have looked at similar properties on zoopla and it shows there would be no equity or not as much as they say it is worth.
Now they want me to remortgage to cover what?
The equity or what?
I'm very confused.
Have your own valuation done - online ones are not good. Get it in writing and present it to Creditfix.
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
Argue whether there is enough equity to trigger the release clauses (£5000). If the clauses are triggered you need to attempt to re-mortgage (or, in some cases get a secured loan). If unable to get a lender to agree the IVA will be extended by 12 months.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
It's unlikely that they will have relied purely on an on-line valuation and cases like yours are normally referred to a third party firm such as ours to conduct independent research. In such a situation we would always be happy to consider any further evidence you are able to provide.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.
