Drive by property valuations

chrisf989

Can someone help me. We have a mortgage lender looking to take us to court to repossess because we are "end of term" and our endowments have disappeared without trace from the insurance company. Our lender wants a redemption and we cannot raise funds by equity release because my wife is too young. We have a 23% LTV ( i.e. we own 77% of our house) a position of great advantage. However we have discovered that a visiting agent employed by the mortgage lender, altered and added information on his report to the lender AFTER we signed his "visiting agent report" He has added no less than six lots of costs for "drive-by" valuations between July 12 to May 13 and also added false property value information apparently given by a local estate agent. The estate agent concerned is a personal friend of ours for some years and her company did not provide the visiting agent with any such information. What rights do these "drive by" agents have to take photos of our property without our knowledge and then expect payment for it.:(

hcb42

who has asked you to pay for the valuations?

chrisf989

The agent has added them to his report after the report was signed by me, in the box I signed is an agreement to pay charges as listed above ( of which there were nonewhen I signed it )

Thrugelmir

How do endowment policies vanish?

ValHaller

chrisf989 wrote: »

Can someone help me. We have a mortgage lender looking to take us to court to repossess because we are "end of term" and our endowments have disappeared without trace from the insurance company. Our lender wants a redemption and we cannot raise funds by equity release because my wife is too young. We have a 23% LTV ( i.e. we own 77% of our house) a position of great advantage. However we have discovered that a visiting agent employed by the mortgage lender, altered and added information on his report to the lender AFTER we signed his "visiting agent report" He has added no less than six lots of costs for "drive-by" valuations between July 12 to May 13 and also added false property value information apparently given by a local estate agent. The estate agent concerned is a personal friend of ours for some years and her company did not provide the visiting agent with any such information. What rights do these "drive by" agents have to take photos of our property without our knowledge and then expect payment for it.:(

You have had your endowments vanish and you are wasting your time on an argument about irregularities with the survey process for a remortgage?

The survey irregularities are worth a few hundred at most and are not remotely useful as a technicality on which you can stall repo proceedings.

A cynic might suggest that payments to the endowments were stopped years ago as an avoidable cost. True enough, it is an avoidable cost, but the unavoidable consequence is that the mortgage needs to be redeemed with other funds or the house sold.

If you want useful help here, it will be for dealing with your endowment issue - even if you are a victim of a foolish mistake. I doubt people will have much time for dealing with survey irregularities if the endowment issue is swept under the carpet

Wh05apk

I think you need to be looking at your options, either sell and downsize, or it may be possible to remortgage to an interest only mortgage, until you are able to switch to an equity release?

If you want posters to help in this matter, provide an id=ndication of mortgage/property value and incomes.