| T O P I C R E V I E W |
| robbo201 |
Posted - 14 September 2008 : 21:50:41
When your house is valued and they take away any mortgage o/s - is the full market value considered or just 75%as someone has suggested to me ? |
| 4 L A T E S T R E P L I E S (Newest First) |
| JulianDonnelly |
Posted - 15 September 2008 : 04:51:48
Hi Robbo and welcome to the forum,
I would also add that when you get a balance for the mortgage, ensure that it also includes any early redemption penalty.
Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
Don't forget the helpline on 0800 078 9367 |
| harbourmaster |
Posted - 14 September 2008 : 23:44:44
Whooops, there you go. John and I were replying at the same time but he got there first. |
| harbourmaster |
Posted - 14 September 2008 : 23:43:12
Hi there robo
Welcome to the forum
I am no expert but I do know a bit about houses and repossessions etc.
I would assume that if the OR do go for a valuation they will instruct the valuers / estate agents to value it in a forced sale situation.
i.e th eprice they could reasonably expect to get in a quick sale, (around 30 days)
Someone else will be along to either confirm this or to put me straight. |
| John |
Posted - 14 September 2008 : 23:42:07
Hi
the full market value is considered but remember the market is not good at the moment.
Estate agent valuations can be unreliable so if you feel your property is borderline in respect of positive or negative equity the best thing would be to have a valuation carried out by a surveyor.
Ask for a valuation based on a 60 - 90 day sale.
www.Bankruptcyhelp.org.uk
0800 078 9367 |
