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 Voluntary repossession letter

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T O P I C    R E V I E W
WT71 Posted - 21 July 2009 : 09:04:56
Has anyone written or seen a template for a voluntary repossession letter that I could send to Northern Rock? Any help would be greatly appreciated.
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Reviva UK Posted - 21 July 2009 : 15:17:10
NR really like to spend taxpayers money on pointless legal proceedings to confirm that they can posess, reposess and finally evict you - even though you have probably alrady left some many months earlier.

You can lead a horse to water but you can't make him accept the keys back if they want to be bloody minded.

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

Real People ..... Real Debt Solutions
WT71 Posted - 21 July 2009 : 14:13:14
Many thanks Jane


Jane.l Posted - 21 July 2009 : 10:47:25
In my experience, NR will only accept the form if its the one they have sent out, DO NOT sign that one, it will have a paragraph in it about you still being liable for shortfall, etc

I told them on the phone of my plans and sent them a letter (they said not to sent any keys as they will change the locks) saying:

I hereby voluntarily surrender the property at xxxx Street to NR, as I will shortly be declaring bankruptcy, any shortfall, mortgage arrears, selling costs and interest, etc will be included in my bankruptcy, blah, blah, blah (something like this)


I have to say, NR took not a blind bit of notice of this, as I had not signed their own forms, they still had to go through the repossession procedure, costing themselves more money, this took 13 months and the house as since sold for a pittance

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