Hi all My hubby wen Br in Dec 08 and in Feb 09 we sent in valuation. In the mean time I went BR in May 09. Later in May 09 I had leter from rtlu saying they had accepted the valuationn and offered me to buy BI for £1 plus fees. They gave me 3 months in which to do so which will make it end August. Today I had the standard letter regarding my BI asking for the usual up to date mortgage statement, recent valuation etc . My question is as the insolvency service aee currently happy to use the Feb valuation for me to buy my hubbys BI will they not be able to use this valuation in regards to mine? I was hoping to be able to do the two together. If they will use the same valuation will they allow me to extend the 3 months so i can wait until they are ready to deal with mine and if so will we have to pay £211 twice or just once if both done at the same time. The value has not gone up and I cant see the point in a new valuation when they have agreed to sell me the BI on the one that is 5 mnths old. Thanks
I would ask for RTLU to wait until your case gets transfered their so you can do them both together. then you only have to pay one £211 fee. Each office only has full access to their own cases so RTLU may not know you are bankrupt, Probably best to ring them to explain the situation
The reason they give 3 months is that after that time they may have to reassess the amount if the equity had changed, as alot of houses are heavily in negative equity at the moment this is largly irrelevent
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Posted - 21 July 2009 : 15:24:27
