Mortgage -so near and yet so far.......

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iva1966

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Post by iva1966 » Mon Sep 14, 2020 9:54 pm
This is not strictly an IVA question but I have so appreciated the wisdom of Foggy, Kallis and co whilst going through our IVA journey and thought I'd vent here .... We have tried so hard to do everything right, pay back as much as possible, build up our credit etc. We are now able to downsize and hopefully save a little money at the same time. Zebra have been brilliant at getting us a good deal and everything was looking good. We are however buying a rural property - the valuer from H came out and still everything was fine and looked finalised. At the last minute the solicitor has said that he has to inform our lender about septic tank and private water supply which may affect their valuation. They have now instructed the solicitor to put it on hold while they liase with their valuer. We were about to exchange contracts with a long chain waiting for us - I really just feel like crying. We were perhaps naive about this having only sold 2 properties - I wondered if anyone had any idea of what the outcome might be?

kallis3

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Post by kallis3 » Tue Sep 15, 2020 6:55 am
I am so sorry to hear this, just when you thought things were going ok. I do hope you can get this sorted so you can move into your new home soon.
Everything crossed for you.
I'm afraid I can't help you with the outcome.
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

Foggy

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Post by Foggy » Tue Sep 15, 2020 7:57 am
In rural areas septic tanks and private supplies are not usually an issue, but there might be a delay while further questions are answered: They will need to know that the supplies have the correct agreements in place to ensure that you cannot be 'cut off' on a whim and will want to ensure that the septic tank is emptied regularly (and recently) and that it is sound and conforms to regulations. As with most things in conveyancing, there is probably a fall back with a relevant insurance policy.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

iva1966

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Post by iva1966 » Tue Sep 15, 2020 2:24 pm
Thanks Kallis and Foggy - you have made me feel better anyway!

kallis3

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Post by kallis3 » Tue Sep 15, 2020 3:00 pm
Good - got everything crossed!
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

luluj

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Post by luluj » Wed Sep 16, 2020 1:40 am
I have a family member just going through similar situation re septic tank and after a short delay of three weeks they have signed, exchanged and have a moving date - don't give up hope.

Glad Ryan and the team at Zebra have been able to help you in this.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

Ryan

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Post by Ryan » Thu Sep 17, 2020 8:25 am
Hi iva1966,
I am not aware of any issues on a case going through my office like this, can you get in contact with me ASAP so i can help you get this sorted please
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre

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